_________ are things a firm owns or what a firm can claim from other :

Assets

The correct answer is option (1) : Assets

1. Assets : Assets are what a firm owns or controls. They represent economic resources that are expected to provide future benefits to the business. Assets can include physical items such as machinery and buildings, financial assets like stocks and bonds, and intangible assets such as patents and trademarks. On the other hand:

2. Liabilities: These represent obligations that a firm owes to external parties, such as loans or accounts payable.

3. Deposits: Typically represent funds held by a bank on behalf of an account holder, which is a liability for the bank.

4. Reserves: In the context of banking, reserves usually refer to funds that banks are required to hold either in cash or as deposits with the central bank. It's part of their regulatory requirements.