JAMB Commerce 2020 Objective — Question 2

Question 2 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.

2. Customers' deposit is a

A. A. An asset to banks
B. B. Capital to banks
C. C. Goodwill to banks
D. D. Liability to banksCorrect

Explanation

Customers' deposit is a claim against the assets of the banks. Any item that forms a claim against the asset of the owner is a liability.

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