When the Fed Requires Banks to Maintain Reserves,it Is Defined

question 112

Multiple Choice

When the Fed requires banks to maintain reserves,it is defined as:

• A)M1 plus balances in some savings accounts and money market mutuals.
• B)cash in their vaults plus deposits at district Federal Reserve banks or other banks.
• C)just cash in their vaults.
• D)M2 minus M1.

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Definitions:

Nonunionized

Refers to a workplace or workforce that is not represented by a labor union or does not engage in collective bargaining.

Union Certification Election

A formal process in which employees of a workplace vote on whether or not to be represented by a labor union.

Authorization Cards

Documents signed by employees to indicate their wish to be represented by a labor union.

Organized Labor

A group of workers united as a single, representative entity for the purpose of improving the workers' economic status and working conditions through collective bargaining with employers.