Each of the following would be categorised as a liability on a central bank's balance sheet, EXCEPT:a.Securitiesb.Goldc.Moneyd.the commercial banks' accounts.
Question
Solution 1
The correct answer is b. Gold.
Here's why:
a. Securities: These are financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option. In Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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