For a bank, the main liability is its:
ADeposits
BAdvances
CReserves
DBuildings
Answer & Solution
Correct answer: A. Deposits
1. Liabilities are what a firm owes.
2. A bank owes its depositors.
3. Assets are reserves plus loans.
_Source: syllabus Introductory Macroeconomics, Chapter 3, Money and Banking._
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