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In 1995, $2.7 trillion was held in American bank deposits

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Q: What were American bank deposits in 1995?
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what are the disadvantages of bank deposits secrecy


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Deposits are considered liabilities because the depositor could pull the money out at any time. The deposits are really a "loan" to the bank that the bank will have to pay out someday.


Why a deposit is considered a liability for a bank?

Deposits are considered liabilities because the depositor could pull the money out at any time. The deposits are really a "loan" to the bank that the bank will have to pay out someday.