Multiple Choice
If a bank is subject to a reserve requirement of 15%, then it is required to
A) place 15% of its deposits in the vault.
B) lend out 15% of its deposits.
C) place 15% of its deposits in the account with its regional Federal Reserve bank.
D) place 15% of its deposits in the account with its regional Federal Reserve bank or the vault.
Correct Answer:
Verified
Correct Answer:
Verified
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