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Business, 02.12.2019 19:00

Briefly explain whether you agree or disagree with the following​ statement: ​" 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."
a. disagree. checking accounts represent something that the bank owes to the owner of the account. it is a bank liability.
b. disagree. both checking accounts and car loans represent bank liabilities.
c. agree. loans are debts and therefore bank liabilities.
d. agree. checking accounts are something of value that is in the bank.​ therefore, they are a bank asset.

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