Multiple Choice
The central banking system in the country of Darmos issues a notice to all its commercial banks stating that they must hold funds that are equal to 48% of the deposits held by their customers. In the given scenario, the central banking system's notice exemplifies _____.
A) full-reserve banking
B) the statutory framework
C) the reserve requirement
D) statutory liquidity ratio
Correct Answer:
Verified
Correct Answer:
Verified
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