Share & grow the world's knowledge!
They don’t own the cash. The cash they have is from people depositing money with their bank. Eventually those people will want their money back. The cash is not an asset that the bank owns, rather it is something they have to pay back eventually to their customers. Therefore it is a liability.
They don’t own the cash. The cash they have is from people depositing money with their bank. Eventually those people will want their money back. The cash is not an asset that the bank owns, rather it is something they have to pay back eventually to their customers. Therefore it is a liability.
They don’t own the cash. The cash they have is from people depositing money with their bank. Eventually those people will want their money back. The cash is not an asset that the bank owns, rather it is something they have to pay back eventually to their customers. Therefore it is a liability.
Copyright © 2025 AnswerCult
Latest Answers