The claims that economic agents have against banks are known as the bank's ________.

Question

Quizplus · Accepted Answer

Liabilities refer to the claims that economic agents have against banks, such as deposits, loans, and other obligations. Assets, on the other hand, refer to the resources that banks hold, such as cash, investments, and loans made to borrowers. Deposits are a type of liability, as they represent the money that customers have entrusted to the bank. Capital refers to the funds that the bank has invested in its own business and represents a portion of the bank's equity.

The Claims That Economic Agents Have Against Banks Are Known