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The local branch of the Universal Bank System (UBS) receives money from depositors and lends...

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Question

Accounting

The local branch of the Universal Bank System (UBS) receives money from depositors and lends it to borrowers. Which of the following would be true about UBS's financial statements?
Group of answer choices
UBS reports deposits as liabilities and loans as assets.
UBS reports deposits as assets and loans as liabilities.
UBS reports both deposits and loans as assets.
UBS reports both deposits and loans as liabilities.

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