You deposit money into a bank account. You have no other accounts except this deposit account with the bank. Which of the following is NOT correct?

Select one:

a. You have a debt liability.

b. The bank sold you its promise to pay back interest and principal payments.

c. You are exposed to the banks credit risk, youre afraid that the bank will default on its debt.

d. The interest income youre paid is taxable income for you.

e. The interest expense that the bank pays is tax-deductible for the bank.