Treasury currency outstanding
A)is a liability of the Fed.
B)is an asset of the Fed.
C)is not an item on the Fed's balance sheet.
D)consists primarily of Federal Reserve notes.

Question

Quizplus · Accepted Answer

Treasury currency outstanding is not an item on the Federal Reserve's balance sheet. It is issued by the U.S. Treasury, not the Federal Reserve. Federal Reserve notes, which are the main form of currency in circulation, are a liability on the Fed's balance sheet, not Treasury currency.

Treasury Currency Outstanding