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Asset or liability

Exercise and reference answers

Upper category
Asset
Lower category
Liability
Items
  1. Category
    Asset
    Item
    Loans
  2. Category
    Asset
    Item
    Bonds
  3. Category
    Asset
    Item
    Reserves
  4. Category
    Asset
    Item
    Securities
  5. Category
    Liability
    Item
    Deposits
  6. Category
    Liability
    Item
    Owed
  7. Category
    Liability
    Item
    Savings
  8. Category
    Liability
    Item
    CDs held
Instructions
Send each balance sheet item to the bank asset track or the liability track.

Explanation

_Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._
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