The Amount of Checkable Deposits That Banks Are Required by Regulation

question 40

Multiple Choice

The amount of checkable deposits that banks are required by regulation to hold are the

• A)excess reserves.
• B)required reserves.
• C)vault cash.
• D)total reserves.

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Definitions:

Federal Level

Pertains to the national government or the division of power between the national government and states or provinces in a federation.

Dividend Payments

Cash or stock payments made by corporations to their shareholders.

Property Income

Income from the ownership of real estate, tangible and intangible property, such as rentals, royalties, and dividends.

Transfer Payments

Financial payments made by governments that do not require an exchange of goods or services in return.