Small and large time deposits, savings and checkable deposits will be found in the _______________ of a typical bank.
A) income statement
B) capital category of the balance sheet
C) asset category in the balance sheet
D) liability category in the balance sheet

Question

Quizplus · Accepted Answer

Small and large time deposits, savings, and checkable deposits are obligations of the bank to its depositors. Therefore, they are recorded as liabilities on the bank's balance sheet.

Small and Large Time Deposits, Savings and Checkable Deposits Will