Option 1 -> Assets are resources owned by the bank or amounts owed to the bank, not money owed by the bank.
Option 2 -> Net Worth represents the bank's equity (Assets - Liabilities), not deposits.
Option 3 -> Money deposited by customers creates an obligation for the bank to repay, making it a liability.
Option 4 -> Statutory Liquid Ratio is a regulatory requirement, not a classification of deposits.
Hence, Option 3: Liabilities -> When customers deposit money in banks, the bank becomes obligated to return that money on demand or as per the deposit terms. From the bank's accounting perspective, deposits represent money that the bank owes to its customers, which makes them liabilities on the bank's balance sheet. The bank uses these deposits as funds to provide loans and make investments, but must maintain the ability to honor withdrawal requests -> correct