Which of the following statements is true?
A) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's assets.
B) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's liabilities.
C) If a bank lends a sum of $600 to a firm, the sum is a part of the bank's liabilities.
D) If a bank lends a sum of $200 to a household, the sum is a part of the bank's liabilities.
Correct Answer:
Verified
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