The Fed Pays Interest on

question 33

Multiple Choice

The Fed pays interest on

• A)both required and excess reserves.
• B)required reserves, but not excess reserves.
• C)neither required nor exess reserves.
• D)excess reserves, but not required reserves.

---

Definitions:

Deforested Area

Regions where trees have been cut down and removed, leading to loss of forest cover.

Postconventional

A stage of moral development wherein individuals' ethics are governed by internal principles, and they understand that laws and rules may not always be just.

Conventional

Adhering to established norms, standards, or traditions, often seen as typical or traditional.

Preconventional

A level in Kohlberg's stages of moral development where moral reasoning is based on external consequences and individual needs.