3 ms·
Isn't the liability the accounts they also acquired? If the assets don't cover it whole?
by consp 3y ago
Isn't the liability the accounts they also acquired? If the assets don't cover it whole?
- DebtDeflation 3y agoYes. From the perspective of the bank, the deposit is the liability and the loan is the asset. People online always get this wrong because they look at it from the perspective of the individual/business on the other end of the transaction.