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Which of the following are reported as liabilities on a​ bank's balance​ sheet? A. Checkable deposits B. Reserves C. Consumer loans D. Deposits with other banks

User Gearoid
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Final answer:

Checkable deposits and deposits with other banks are reported as liabilities on a bank's balance sheet, as the bank owes these amounts to its customers. Reserves and consumer loans are considered assets, not liabilities.

Step-by-step explanation:

On a bank's balance sheet, liabilities reflect the obligations the bank has to its customers and other parties. The items that are reported as liabilities include checkable deposits and deposits with other banks. When customers deposit money into various types of accounts such as a checking account, savings account, or a certificate of deposit, the bank is obligated to repay these amounts, hence they are considered liabilities. For example, if the Safe and Secure Bank holds $10 million in deposits, this amount is reflected as a liability. However, reserves, which represent money that the bank holds at the Federal Reserve Bank, as well as consumer loans, which are loans made to customers, are considered assets because they are expected to generate income for the bank.

User Rosenda
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Checkable deposits, consumer loans, and deposits with other banks are reported as liabilities on a bank's balance sheet.

Liabilities on a bank's balance sheet include checkable deposits, consumer loans, and deposits with other banks.

Checkable deposits are the amounts of money that customers have in their checking accounts, which the bank owes to its customers.

Consumer loans are the amounts of money that the bank has lent to its customers, which the bank owes to the customers until they are repaid.

Deposits with other banks are the amounts of money that the bank has deposited with other banks, which the bank owes to those banks.

User Bmargulies
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