In the Banking System Today, the Reserves Banks Hold Against

question 22

Multiple Choice

In the banking system today, the reserves banks hold against their deposit liabilities must take one of two forms. They are

• A) vault cash and deposits at the Fed.
• B) vault cash and checkable deposits.
• C) currency in circulation and checkable deposits.
• D) gold and vault cash.

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Definitions:

Conscientiousness

An attribute of character involving being orderly, dependable, and deeply committed to obligations.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.

Division Of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Widowhood

The state or period of being a widow or widower, experienced after the death of a spouse.