One Cost of Demand Deposits to DIs Is the Reserve

question 111

True/False

One cost of demand deposits to DIs is the reserve requirement placed on the bank by the Federal Reserve.

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Definitions:

Acceptance

The act of agreeing to the terms of an offer, thereby creating a binding contract.

Certified

Officially recognized as possessing certain qualifications or meeting certain standards.

Demand Money

A request for payment or compensation.

Indorsements

Signatures or stamps placed on a document, typically a check or negotiable instrument, signifying agreement, approval, or acknowledgment.