Which of the following is NOT held as an asset by banks?
A)reserves
B)loans
C)securities
D)currency in the banks' vaults
E)checkable deposits

Name: Which of the following is NOT held as an asset by banks? A)reserves B)loans C)securities D)currency in the banks' vaults E)checkable deposits
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Question

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Checkable deposits are liabilities for banks because they represent the bank's obligation to pay customers upon demand. Reserves, loans, securities, and currency in the banks' vaults are all assets for banks.

Which of the Following Is NOT Held as an Asset