Which of the following is an example of a bank's assets?
A) reserves borrowed from the Fed
B) checkable deposits
C) vault cash
D) savings deposits

Question

Quizplus · Accepted Answer

Vault cash is cash held by the bank in its vaults, which is considered an asset for the bank. Reserves borrowed from the Fed are liabilities for the bank, checkable deposits and savings deposits are also liabilities for the bank as these are funds held by the bank on behalf of its customers.

Which of the Following Is an Example of a Bank's