Which of the following is a bank liability?
A)Cash in the vault
B)Loans made to customers
C)Money market deposit accounts
D)Bank computers
E)All of these responses are correct.

Question

Quizplus · Accepted Answer

Money market deposit accounts are a liability because they represent money owed to customers who have deposited funds into the bank. Cash in the vault and bank computers are assets, while loans made to customers are also considered assets because they represent money that the bank expects to receive back with interest.

Which of the Following Is a Bank Liability