Take a Test - Diego Noboa Google Chrome Secure , https://www.mathxl com/Student/

Question

Take a Test - Diego Noboa Google Chrome Secure , https://www.mathxl com/Student/PlayerTest.aspx?testld-168524840&centerwin; ay 12138aolj Time Remaining: 01:38:57 Submit Test Test: Exam 04 This Question: 1 pt 40 of 50 This Test: 50 pts poss... Consider a bank balance sheet, with "Assets" on the left and "Liabilities" on the right side. Identify where the following items belong. I. Deposits this bank holds in an account with another private bank. Il. Borrowings from another bank in the interbank loan market. O A. Both liabilities. B. Both assets. O c. 1: assets, ll: liabilities. 0 D. I: liabilities, ll: assets. Click to select your answer. Save for Later

Explanation / Answer

Ans: I: assets; II: liabilities

Explanation:

Deposits with other bank is an asset and borrowings are liabilities because it has to be repaid.

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