Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus's dad borrows $20,000 to buy a new family car. Gus's $15 represents a(n) for the bank, while his dad's $20,000 loan represents a(n) for the bank.

a) asset; asset
b) liability; liability
c) asset; liability
d) liability; asset

Ans: d) liability; asset

Economics

What does the investment demand curve show?

What will be an ideal response?

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Economics

Venture capital funds invest in the equity of

A) start-up companies. B) IPOs. C) hedge funds. D) convertible debt.

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Economics

Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus's dad borrows $20,000 to buy a new family car. Gus's $15 represents a(n) ____ for the bank, while his dad's $20,000 loan represents a(n) ____ for the bank.