Multiple Choice
The reserves of a bank include
A) the cash in its vault plus any deposits held on account with the Bank of Canada plus the value of any government bonds that it holds.
B) the cash in its vault plus the value of its chequable deposits.
C) the cash in its vault plus any deposits held on account at the Bank of Canada.
D) the cash in its vault plus any gold held for the bank at the Bank of Canada.
E) all of its common stock holdings, the cash in its vault, and all deposits held on account with the Bank of Canada.
Correct Answer:

Verified
Correct Answer:
Verified
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