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

Question

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When a person deposits money in a bank account, he becomes a creditor of the bank and the bank becomes the owner of the money. The bank is then responsible for returning the money to the depositor when requested.

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