Federal Reserve liabilities are equal to
A) gold certificates + other Fed liabilities.
B) bank reserves + other Fed liabilities.
C) Federal Reserve notes.
D) cash + loans + U.S. Treasury deposits.

Question

Quizplus · Accepted Answer

Federal Reserve liabilities include bank reserves and other Fed liabilities, such as deposits from U.S. banks and the federal government. Gold certificates, Federal Reserve notes, cash, loans, and U.S. Treasury deposits are all assets held by the Federal Reserve rather than liabilities.

Federal Reserve Liabilities Are Equal to