Question

Which among the following statements about money creation and Banking System are NOT correct? (

  • A Assets are things a firm can claim from others (
  • B In case of a bank, loans given to public are not assets. (
  • C Liabilities for any firm are its debts or what it owes to others (
  • D For a Bank, the main liability is the deposits which people keep with it. Choose the correct answer from the options below:
A (A), (B) and (C) only
B (A), (C) and (D) only
C (A), (B) and (D) only
D (B), (C) and (D) only
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