Which of the following is recorded under the liabilities side of a bank's balance sheet?
A)Transaction deposits
B)Securities
C)Reserves
D)Loans

Name: Which of the following is recorded under the liabilities side of a bank's balance sheet? A)Transaction deposits B)Securities C)Reserves D)Loans
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Transaction deposits are a liability for a bank because they represent the amount of money the bank owes to its depositors.

Which of the Following Is Recorded Under the Liabilities Side