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21 January, 08:35

A home mortgage loan made by a commercial bank is which of the following?

A. A liability for the bank

B. An asset for the commerical bank

C. A part of M1, but not part of M2

D. Entered on the left-hand side of the equation of exchange

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  1. 21 January, 11:19
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    A home mortgage loan made by a commercial bank is which of the following?

    An asset for the commercial bank

    Explanation:

    An asset for the commercial bank, it becomes an asset because it generates interest for the bank which are paid by customers that took the home mortgage loan
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