Match up the following statements and answers. An answer may be used more than once. Whose liabilities are bank notes held by the general public? Choose... Whose assets are reserves with the central bank? Choose... For households a home mortgage is a Choose... for commercial banks a home mortgage is a Choose... for commercial banks a deposit held by the general public Choose... is a for a corporation a bank loan is a Choose... an example of a household's tangible assets is a Choose... if I borrow money using my house as collateral this is a v Choose... mortgage, an asset of a commercial bank the central bank liability house asset mortgage, a liability of a commercial bank commercial banks
Match up the following statements and answers. An answer may be used more than once. Whose liabilities are bank notes held by the general public? Choose... Whose assets are reserves with the central bank? Choose... For households a home mortgage is a Choose... for commercial banks a home mortgage is a Choose... for commercial banks a deposit held by the general public Choose... is a for a corporation a bank loan is a Choose... an example of a household's tangible assets is a Choose... if I borrow money using my house as collateral this is a v Choose... mortgage, an asset of a commercial bank the central bank liability house asset mortgage, a liability of a commercial bank commercial banks
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Match up the following statements and answers. An answer may be used more than once.
Whose liabilities are bank notes held by the general public? Choose...
Whose assets are reserves with the central bank?
Choose...
For households a home mortgage is a
Choose...
for commercial banks a home mortgage is a
Choose...
for commercial banks a deposit held by the general public
Choose...
is a
for a corporation a bank loan is a
Choose...
an example of a household's tangible assets is a
Choose...
if I borrow money using my house as collateral this is a
v Choose...
mortgage, an asset of a commercial bank
the central bank
liability
house
asset
mortgage, a liability of a commercial bank
commercial banks
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