Question

Deposits contribute what percent of total liabilities of bank

Answer 1

Answer:

Deposits, which constitute 78 per cent of total liabilities.

The deposit itself is a liability owed by the bank to the depositor. Bank deposits refer to this liability rather than to the actual funds that have been deposited. When someone opens a bank account and makes a cash deposit, he surrenders legal title to the cash, and it becomes an asset of the bank.

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