Required Reserves Are the Percent of

question 84

Multiple Choice

Required reserves are the percent of

• A) reserves that banks are required to hold as reserves.
• B) loans that banks are required to hold as reserves.
• C) deposits banks are required to hold as reserves.
• D) None of the answers is correct.

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Definitions:

Involuntary

Actions or processes occurring without the individual's conscious choice or control.

Migration

To move from one country, place, or region to another.

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Individuals who were born outside of the country in which they currently reside, often implying immigration.

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The national statistical office of Canada, providing economic, social, and census data.