When you have $1,000 in a savings account at a bank: the bank holds a financial asset of $1,000 and you hold a financial liability of $1,000. the bank holds a financial liability of $1,000 and you hold a financial asset of $1,000. both you and the bank now have a financial asset of $1,000. both you and the bank now have a financial liability of $1,000.
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When you have $1,000 in a savings account at a bank: the bank holds a financial asset of $1,000 and...
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