Explain liabilities and assets as they relate to a bank's balance ...

[PhilipSeeMore]

Explain liabilities and assets as they relate to a bank's balance sheet.
 
  What will be an ideal response?

Question 2

Which factor of production is paid profit?
 
  A) entrepreneurship
  B) human capital
  C) labor
  D) land
  E) capital

[ecabral0]

Answer to Question 1

Liabilities are the source of funds for a bank. Included in a bank's liabilities are deposits in the bank and owner's equity. Assets are the uses of the funds of a bank. Assets generate income for a bank. A bank's assets include its loans and reserves.

Answer to Question 2

A

[PhilipSeeMore]

Thanks for the timely response, appreciate it

[Liamb2179]

Excellent