Which of the following do not serve as an asset(s) for depository institutions?
A)small time and saving deposits
B)checkable deposits
C)large time deposits
D)None of the above are assets for depository institutions.

Question

Quizplus · Accepted Answer

Depository institutions consider deposits (including small time and saving deposits, checkable deposits, and large time deposits) as liabilities, not assets, because these are funds the institutions owe to their depositors.

Which of the Following Do Not Serve as an Asset(s)