Currency of country is
A. An asset to the public and an asset to the central bank.
B. Libility of the public and asset to the bank
C. A libility of the public and a libility of the central bank
D. An asset to the public and a libility of the central bank
Answers
Answered by
4
Answer:
a.) an asset to the public and an asset to the bank
Answered by
2
The currency of the country is an asset to the public and liability of the central bank.
Option: D
Explanation:
- The currency issued by the central bank is a liability for the Central bank.
- This is because the central bank promises to pay the sum mentioned in the currency to the bearer, this currency is in circulation in the market and whenever produced it becomes the liability of the central bank till it is paid.
- This is often recorded on the balance sheet of the Central Bank.
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