A major liability of a commercial bank arises from
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
Customers' deposits are a major liability of a commercial bank because the bank owes the deposited funds to its customers. Although banks use these deposits to provide loans and carry out other activities, the deposited money remains a claim that customers can make against the bank.
Customers' deposits are a major liability of a commercial bank because the bank owes the deposited funds to its customers. Although banks use these deposits to provide loans and carry out other activities, the deposited money remains a claim that customers can make against the bank.