Which of the following is an asset on the balance sheet of the Bank of Canada?
A)reserves of chartered banks
B)Government of Canada deposits
C)Bank of Canada notes in circulation
D)advances to chartered banks

Question

Quizplus · Accepted Answer

Advances to chartered banks are considered an asset for the Bank of Canada as they represent loans made to these banks, which are expected to be repaid.

Which of the Following Is an Asset on the Balance