passwella.
Menu

WAEC Economics 2005 Question 32

Question 32

Financial Institutions

In a commercial bank, deposits are

  1. A.liabilities
  2. B.assets
  3. C.capital
  4. D.cash at hand.
Show the answer and explanation

Answer: A (liabilities)

Explanation

Deposits are owed to customers, so they are the bank's liabilities.