A central bank's balance sheet would categorize each of the following as liabilities, except:

Name: A central bank's balance sheet would categorize each of the following as liabilities, except:
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Loans are considered assets on a central bank's balance sheet because they represent money the bank has lent out and expects to be repaid, often with interest. In contrast, currency, the government's account, and accounts of the commercial banks are liabilities, as they represent money the central bank owes.

A Central Bank's Balance Sheet Would Categorize Each of the Following