When you have $1,000 in a savings account at a bank:

A. both you and the bank now have a financial asset of $1,000.
B. the bank holds a financial asset of $1,000 and you hold a financial liability of $1,000.
C. both you and the bank now have a financial liability of $1,000.
D. the bank holds a financial liability of $1,000 and you hold a financial asset of $1,000.


Answer: D

Economics

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