Which of the following is a liability of the Federal Reserve?
A) currency
B) mortgage-backed securities
C) U.S. government securities
D) U.S. coins

Name: Which of the following is a liability of the Federal Reserve? A) currency B) mortgage-backed securities C) U.S. government securities D) U.S. coins
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Question

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Currency is a liability on the Federal Reserve's balance sheet because when the Federal Reserve issues currency, it owes this amount to the currency's holder.

Which of the Following Is a Liability of the Federal