The Required Reserves of a Bank Are

question 67

Multiple Choice

The required reserves of a bank are:

• A)held as deposits with the Federal Reserve System.
• B)equal to its loans.
• C)equal to its checkable deposits.
• D)none of these.

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Definitions:

Reused

The action of using something again, whether in its original form or with minimal alteration, to reduce waste and save resources.

FDA (Food and Drug Administration)

A federal agency responsible for protecting public health by regulating food safety, pharmaceuticals, medical devices, cosmetics, and other products.

Prescription Drugs

Medications that legally require a medical prescription to be dispensed.