Roughly _____ of the Fed's liabilities consist of Federal Reserve notes.

Name: Roughly _____ of the Fed's liabilities consist of Federal Reserve notes.
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According to the Federal Reserve's balance sheet as of July 14, 2021, the total liabilities are $8,167.1 billion and the Federal Reserve notes in circulation are $2,187.3 billion. Therefore, the percentage of liabilities represented by Federal Reserve notes is approximately 26.8%, which is closest to one-third (C).

Roughly _____ of the Fed's Liabilities Consist of Federal Reserve