Which of the following statements is correct?
a. from the bank's point of view, loans to customers are assets of the bank
b. from the bank's point of view, loans to customers are liabilities of the bank
c. from the customer's point of view, loans to customers are assets of the customer
d. from the customer's point of view, loans to customers are liabilities of the customer
e. a and b only
f. a and d only
Indicate whether the statement is true or false
f
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If the price of a good rises, then the effect on the income of the factors that are used intensively in its production will be
A) to raise income by an absolute amount that is less than the rise in prices. B) to raise income by an absolute amount that is more than the rise in prices. C) to raise income by a smaller percentage than the rise in prices. D) to raise income by a greater percentage than the rise in prices. E) to cause income to fall.
The U.S. central bank ________
A) usually raises taxes to stabilize a slowing economy B) encourages higher savings rates by raising the national sales tax C) is known as the Federal Reserve D) all of the above E) none of the above