Question

3. When a deposit of money is received by the banker, the baker becomes the
(a) Creditor
(b) Debtor
(c) Receiver
(d) Customer​

Answer 1

Answer:

I think the answer is b)Debtor

Answer 2

When a deposit of money is received by the banker, the baker becomes the

Answer:

(b) Debtor

Define a debtor.

A business or person that owes the money is called a debtor. The debtor is referred to as a borrower if the debt is in the form of a loan from a financial institution, and as an issuer if the debt is in the form of securities like bonds.

Explanation:

If a customer deposits money with a bank then the customer becomes the lender. Explanation: If a customer deposits money with a bank then the banker becomes a borrower.