Question

Currency of a country is
a. An assets to the public and an asset to the central bank
b. Liability of the public and asset to the central bank
c. A liability of the public and a liability of the central bank
d. An asset to the public and a liability of the central bank

Answer 1

Answer:

D

is the right answer.

Explanation:

Public posses currency with themselves is their Asset while Circulation of currency and reserve into the economy is a Monetary Liability of Central Bank.