Briefly explain whether you agree or disagree with the following statement: " are things of value that people own. liabilities are debts. therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a liability."
a. disagree. checking accounts represent something that the bank owes to the owner of the account. it is a bank liability.
b. disagree. both checking accounts and car loans represent bank liabilities.
c. agree. loans are debts and therefore bank liabilities.
d. agree. checking accounts are something of value that is in the bank. therefore, they are a bank asset.
investors who put their own money into a startup are known as angel investors. also, they are usually family or friends but don't have to be.
the closest answer to angel investors is c. angels.
i hope that u! : )