Q207
Major liabilities of commercial banks are
A.
junk bonds
B.
deposits
AnswerC.
loans
D.
swap bonds
Answer: Option B
Solution
Answer: Option B
Solution:
Major liabilities of commercial banks are deposits. A deposit is a financial term that has multiple definitions.On the one hand, a deposit is a transaction involving a transfer of funds to another party for safekeeping. On the other, a deposit also refers to a portion of funds used as security or collateral for the delivery of a good.