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Which classification best fits ‘money owed by the bank to others’?

hard Q9 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
Which classification best fits ‘money owed by the bank to others’?
ALiabilities
BAssets
CInvestments
DIncome
Step-by-Step Solution

  1. Step 1: Recall accounting definition

    Money owed represents an obligation.

  2. Step 2: Match with correct term

    Obligations are classified as liabilities.

  3. Final Answer:

    Liabilities → Option A

  4. Quick Check:

    Owed amounts = liabilities ✅
Quick Trick: Owes money = liability.
Common Mistakes:
  • Confusing obligations with investments.
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