A Bank's Reserves

question 54

Multiple Choice

A bank's reserves

• A) are the sum of its excess and required reserves.
• B) can be held as cash in its vault.
• C) can be held as deposits with the Federal Reserve.
• D) all of the above

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Definitions:

Oxidation-Reduction Reactions

Chemical reactions involving the transfer of electrons between two substances, altering their oxidation states and often producing energy.

Substrate

The surface or material on or in which an organism lives, grows, or reacts, or a substance acted upon by an enzyme.

Reactant

Molecule that enters a reaction and is changed by participating in it.

Cofactor

A non-protein chemical compound or metallic ion that is required for a protein's biological activity to happen.