Multiple Choice
Which of the following is a valid statement?
A) The required reserve ratio equals the required reserves as a percentage of total deposits.
B) The required reserves equal the maximum reserves required by the Fed.
C) Excess reserves equal total reserves plus required reserves.
D) The required reserve ratio equals percentage of savings account deposit, but not checkable deposits, required by the Fed.
Correct Answer:
Verified
Correct Answer:
Verified
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