Bank Reserves Are Not Affected by

question 111

Multiple Choice

Bank reserves are not affected by

• A) currency in circulation.
• B) changes in reserve requirements.
• C) open market operation.
• D) changes in the level of deposits of foreign banks at the Federal Reserve banks.

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Definitions:

Equal Pay Act

A law that prohibits wage discrimination based on sex, ensuring that men and women get equal pay for equal work.

Native American

A member of the indigenous peoples of the United States, including both American Indian and Alaska Native groups.

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A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.