The Local Branch of the Universal Bank System (UBS)receives Money

Multiple Choice

The local branch of the Universal Bank System (UBS) receives money from some of its customers as deposits and lends it to other customers as loans.Which of the following would be true about UBS's financial statements?

A) UBS reports customers' deposits as assets and customers' loans as liabilities.
B) UBS reports both customers' deposits and customers' loans as assets.
C) UBS reports customers' deposits as liabilities and customers' loans as assets.
D) UBS reports both customers' deposits and customers' loans as liabilities.