asked 81.0k views
4 votes
Briefly explain whether you agree or disagree with the following​ statement: ​"Assets are things of value that people own. Liabilities are debts.​ Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a​ liability."

asked
User The Pjot
by
8.2k points

1 Answer

2 votes

Answer:

I disagree. It is clearly a bank liability.

answered
User Rohan Das
by
8.2k points
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