Question

For a depository institution, reserves are: liabilities it owes to customers. assets on the balance sheet. borrowings from the central bank. checkable deposits. loans to individuals and businesses

Answer 1

assets on the balance sheet.

Step-by-step explanation:

Reserves are percentages of deposits that are required for depository institutions to keep to meet unforeseen contingency. they are usually kept in bank vaults

they are assets and they cannot be lent out