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Basic Question 3 of 13
Bank reserves are ______.
B. a financial liability for the bank
C. not counted as money
A. a financial asset for the Fed
B. a financial liability for the bank
C. not counted as money
User Contributed Comments 5
| User | Comment |
|---|---|
| danlan | Also they are not financial liabilities for the bank. |
| magicchip | danlan, in fact they are assets of the bank. |
| DannyZhou | Asset of bank and liability of fed, is that right? Just checking. |
| ambar | That's correct DannyZhou. |
| choas69 | they cant function as medium of exchange so not money |
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Learning Outcome Statements
describe tools used to implement monetary policy tools and the monetary transmission mechanism, and explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates
CFA® 2024 Level I Curriculum, Volume 1, Module 4.