Each of the following balance sheet portfolio items are liabilities of a bank,except:

Question

Quizplus · Accepted Answer

Term deposits, bill acceptance facilities, and certificates of deposit are all types of deposits that banks receive from customers, and thus they are liabilities for the bank. Overdrafts, on the other hand, represent the amount by which a customer has overdrawn their account and borrowed from the bank, making it an asset for the bank, not a liability.

Each of the Following Balance Sheet Portfolio Items Are Liabilities