Multiple Choice
Reserves held beyond the required amount are called __________ reserves.
A) redundant
B) precautionary
C) excess
D) surplus
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q140: According to the textbook,many people believe that
Q141: Small-denomination time deposits are part of M2,but
Q142: If checkable deposits rise,it follows that the<br>A)
Q143: List and describe the three functions of
Q144: If checkable deposits in Bank A total
Q145: To a bank,a checkable deposit is classified
Q146: To economists,credit cards are a widely accepted
Q147: The requirement of a "double coincidence of
Q148: Which of the following statements is true?<br>A)
Q149: Bank A has checkable deposits of $900,000