Search for question
Question

You deposit money into a bank account. You have no other accounts except this deposit account with the bank. Which of the following is NOT correct? a. You have a

debt asset. b. The bank sold you its promise to pay back interest and principal payments. c. You are exposed to the bank's credit risk, you're afraid that the bank will default on its debt. d. The interest income you're paid is taxable income for you. e. The interest expense that the bank pays is not tax-deductible for the bank.

Fig: 1

Fig: 2