Suppose you decide to borrow money from an online peer-to-peer lending site.On the T-account for the lending site for this transaction,the funds from the investor who chooses to fund the loan would be classified as ________,and the loan made to you would be classified as ________.
A) an asset;an asset
B) an asset;a liability
C) a liability;an asset
D) a liability,a liability
Correct Answer:
Verified
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