Total Reserves Are

question 1

Multiple Choice

Total reserves are

• A)required reserves plus excess reserves.
• B)borrowed reserves plus nonborrowed reserves.
• C)vault cash plus deposits at the Fed.
• D)All of the above are correct.

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Definitions:

Debit

A financial record that leads to a rise in assets or a reduction in liabilities on a corporation's balance sheet.

Balance of Payments

The balance of payments is a comprehensive record of a country's economic transactions with the rest of the world, including trade, investments, and financial transfers, over a specific time period.

Statistical Discrepancy

The difference between two statistical outcomes that should theoretically match but do not due to errors or estimation methods.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.