Which of the Following Requires U

question 7

Multiple Choice

Which of the following requires U.S.banks to maintain a minimum reserve ratio?

• A) The Organization of Commercial Banks
• B) The U.S.Treasury
• C) The Federal Reserve
• D) Congress

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Definitions:

Agent's Negligence

A failure by an agent to exercise the care, diligence, and skill that a reasonably prudent person would exercise in similar circumstances.

Principal

Principal refers to the original sum of money loaned or invested, before interest, or the main party to a transaction or agreement.

Damages

A sum of money awarded in compensation for loss or injury caused by the wrongful act of another party.

Agent

A person or entity authorized to act on behalf of another person or entity in business transactions or legal matters.