Which among the following is an asset for a bank?
Which among the following is an asset for a bank?
[A]Cash Deposits of Customers
[B]Investments made by Bank’s customers in its financial Products
[C]The loans disbursed by Bank to its customers
[D]All of the above
The loans disbursed by Bank to its customers
For any person, asset is the cash or anything that can be turned into cash. This includes property, goods, savings or investments. These are things that people own such as buildings, vehicles, shares and money in the bank. The opposite is liabilities. For a bank, its assets are mainly the loans gives to its customers.
Originally written on
May 18, 2015
and last modified on
May 18, 2015.