Each of the following items would appear as assets on the central bank's balance sheet, except:

A. loans.
B. foreign exchange reserves.
C. currency.
D. securities.

Answer: C

Economics

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Refer to Table 19-21. Consider the following data for a simple economy: Calculate nominal GDP and real GDP for 2016, using 2014 as the base year. Show your work

What will be an ideal response?

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Which of the following annual real GDP growth rates would be needed just to maintain output per capita in the United States?

a. 10.0 percent b. 2.5 percent c. 1.0 percent d. 7.0 percent e. 3.5 percent

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