Suppose you decide to borrow money from an online peer-to-peer lending site. On the T-account for the funder of the loan for this transaction, the funds from the investor would be classified as ________, and the loan made to you would be classified as
________.
A) an asset; an asset
B) an asset; a liability
C) a liability; an asset
D) a liability, a liability
Answer: C
Economics
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A) $6,944. B) $14,400. C) $383,376. D) $261.
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Which of the following is a liability of a commercial bank?
a. Property and buildings owned b. Loans c. Government bonds held d. Cash in its vault e. Deposits at the bank
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