Chat with AI
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 18
The actual reason that banks must hold required reserves is:
A) To enhance liquidity and deter bank runs.
B) To help fund the Federal Deposit Insurance Corporation, which insures bank deposits.
C) To give the Fed control over the lending ability of commercial banks.
D) To help increase the number of bank loans.
A) To enhance liquidity and deter bank runs.
B) To help fund the Federal Deposit Insurance Corporation, which insures bank deposits.
C) To give the Fed control over the lending ability of commercial banks.
D) To help increase the number of bank loans.
Explanation
Verified
Verified
Hence, the correct answer is c. To give ...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
