When a person deposits money in an account at a bank,the bank no longer considers that person the owner of the money; instead,he is a creditor of the bank.

Question

Quizplus · Accepted Answer

When a person deposits money in a bank, it becomes the property of the bank, and the depositor becomes a creditor of the bank. This is because the bank is obligated to repay the depositor's funds upon request or demand.

When a Person Deposits Money in an Account at a Bank,the