Which of the following are assets of banks?
i. Reserves
ii. Loans
iii. Deposits
A) i only
B) ii only
C) i and ii
D) ii and iii
E) i, ii and iii

Question

Quizplus · Accepted Answer

Reserves and loans are assets for banks. Reserves are held as cash in the bank or as deposits with the central bank, and loans represent money lent out to customers, which is expected to be repaid with interest. Deposits, on the other hand, are liabilities for banks as they represent money owed to depositors.

Which of the Following Are Assets of Banks