186k views
2 votes
A bank statement is presented from the customer's point of view. Therefore, a customer deposit reduces the bank's liabilities. These statements are

A. True
B. False

User Mmlr
by
7.1k points

1 Answer

4 votes

Final answer:

A customer deposit reduces the bank's liabilities.

Step-by-step explanation:

Bank statements are presented from the customer's point of view. When a customer makes a deposit, it is viewed as a liability for the bank. This is because the bank owes the deposit to the customer when they wish to withdraw their money. Therefore, the statement that a customer deposit reduces the bank's liabilities is true.

User SHaKie
by
7.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories