Which of the following is part of a bank's assets?
A) Customers' deposits
B) Reserves held at the Reserve Bank of Australia
C) Shareholders' equity
D) Long-term debt

Question

Quizplus · Accepted Answer

Reserves held at the Reserve Bank of Australia are part of a bank's assets, as they represent the cash and other assets that a bank holds to ensure it can meet its financial obligations. Customers' deposits are also part of a bank's liabilities, as the bank owes these funds to its customers. Shareholders' equity and long-term debt would both be classified as liabilities, as they represent sources of funding for the bank.

Which of the Following Is Part of a Bank's Assets