Economics A-Level
Liabilities
What Liabilities means in Economics A-Level, as defined for AQA.
Definition of Liabilities
Check what you remember
Read the wording for your board, then hide it and explain Liabilities in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Sources of funds owed to third parties, primarily consisting of customer deposits and wholesale borrowing.
Topics that use Liabilities
- Commercial banks and investment banks (AQA A-Level)
Related terms
- Commercial banks
- Credit creation
- Financial intermediation
- Financial markets
- Investment banks
- Liquidity
- Liquidity vs Profitability
- Market participants
Using Liabilities in the exam
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