Which of the following is a liability on the balance sheet of the Federal Reserve System?
A) Federal Reserve notes
B) Loans to depository institutions
C) U.S. government securities
D) None of the above are correct because they are all liabilities of the Federal Reserve

Question

Quizplus · Accepted Answer

Federal Reserve notes are considered liabilities on the balance sheet of the Federal Reserve System because they represent a promise to pay the bearer and are obligations of the Fed.

Which of the Following Is a Liability on the Balance