Actual Reserves Are Equal to

question 266

Multiple Choice

Actual reserves are equal to

• A)minimum balances plus desired reserves.
• B)required reserves plus fractional deposits.
• C)excess reserves plus liabilities.
• D)desired reserves plus excess reserves.
• E)government securities plus cash in the bank's vault.

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Definitions:

Slave Power

A term used to describe the perceived political power held by slave owners in the United States during the 19th century, which influenced legislation and the balance of power in government.

Statehood

The condition or status of being recognized as an independent nation or a fully integrated part of an existing country, with all accompanying rights and responsibilities.

Missouri Compromise

The Missouri Compromise was an agreement passed in 1820 that allowed Missouri to enter the Union as a slave state and Maine as a free state to maintain the balance between slave and free states.