In the Consolidated Balance Sheet of the Bank of Canada

Multiple Choice

In the consolidated balance sheet of the Bank of Canada, chartered bank reserves held by the Bank of Canada are:

A) a liability of the Bank of Canada and chartered banks.
B) an asset of the Bank of Canada and chartered banks.
C) a liability of the chartered banks and an asset for the Bank of Canada.
D) an asset of the chartered banks and a liability for the Bank of Canada.