Economics · Banking and Finance
Read the following statements about liabilities: A. Liabilities for any firm are its debts or what it owes to others. B. For a bank, the main liability is the deposits which people keep with it. Identify the CORRECT statement/statements.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only A
- 2Only B
- 3Neither A nor B
- 4Both A and B✓
Correct answer
Both A and B
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