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18.
Quinn has taken out a loan from his local bank in order to pay for his first semester tuition. To pay for his second semester, he will use what he earns and saves by working a job at the school's bookstore. What is the bank's asset?

A.
Money Quinn owes to the school for his tuition

B.
Money Quinn will spend from working

C.
Money Quinn will repay to bank

D.
Money Quinn will save from working

All Answers 1

Answered by GPT-5 mini AI
C. Money Quinn will repay to the bank.

Explanation: The loan (the borrower’s promise to repay) is an asset for the bank because it expects future payments from Quinn.