Final answer:
In a bank's trading book, liabilities are not typically listed as it focuses on short-term financial securities. On a bank's balance sheet, liabilities primarily include customer deposits, showing an asset-liability time mismatch. The bank's net worth is the difference between total assets and liabilities, also included on the liabilities side.
Step-by-step explanation:
In the context of a bank's trading book, you would not typically find any liabilities listed, as the trading book primarily records the financial securities that the bank buys and sells in the short term. However, when looking at a bank's balance sheet, which is a broader financial statement and an accounting tool that lists both assets and liabilities, you would find liabilities. For a bank, liabilities primarily consist of the deposits made by customers. According to the standard balance sheet structure, these customer deposits are what the bank owes to its depositors and are expected to be available for withdrawal at their request, which illustrates an asset-liability time mismatch since customers can withdraw a bank’s liabilities in the short term, while customers repay the bank's assets in the longer term. The bank's net worth, also known as bank capital, is calculated by subtracting total liabilities from total assets, and it is recorded on the liabilities side of a T-account to ensure that the account balances.