A Bankʹs Reserves Include

question 578

Multiple Choice

A bankʹs reserves include

• A) its common stock holdings, the cash in its vault, and any deposits at a Federal Reserve bank.
• B) the cash in its vault plus its deposits held at a Federal Reserve bank.
• C) the cash in its vault plus any gold held for the bank at Fort Knox.
• D) the cash in its vault plus the value of its depositorsʹ accounts.

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Definitions:

Nonmarine Conditions

Environmental or geological conditions that occur in areas not influenced by the sea, often referring to freshwater or terrestrial habitats.

Coral Reef

Underwater ecosystems characterized by reef-building corals. These structures provide habitat for a diverse range of marine species and are important for coastal protection.

Evaporite Minerals

Minerals formed by the evaporation of water, leaving behind salts and other soluble substances, common in arid environments or enclosed bodies of water.

Limestone

A sedimentary rock composed mainly of calcium carbonate, often formed from the remains of marine organisms.