On the Fed's balance sheet, a deferred availability cash item
A)represents funds not yet collected by the Fed from banks against which checks have been drawn.
B)is an asset.
C)is a liability.
D)represents taxes due to the Federal government but not yet collected.

Question

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The Answer of On the Fed's balance sheet, a deferred availability cash item
A)represents funds not yet collected by the Fed from banks against which checks have been drawn.
B)is an asset.
C)is a liability.
D)represents taxes due to the Federal government but not yet collected.

On the Fed's Balance Sheet, a Deferred Availability Cash Item