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    Principles of Money Banking
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    Exam 20: Understanding Movements in Bank Reserves
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    Federal Reserve Liabilities Are Equal to
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Federal Reserve Liabilities Are Equal to

Question 38

Question 38

Multiple Choice

Federal Reserve liabilities are equal to


A) gold certificates + other Fed liabilities.
B) bank reserves + other Fed liabilities.
C) Federal Reserve notes.
D) cash + loans + U.S. Treasury deposits.

Correct Answer:

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