Multiple Choice
Which statement is true?
A) Banks get a significant part of their total revenue from interest on their primary reserves.
B) Banks try to carry as much in excess reserves as they possibly can.
C) Only a small fraction of the nation's banks are subject to the reserve requirements of the Federal Reserve.
D) The banks have received interest on their reserves since October,2008.
Correct Answer:
Verified
Correct Answer:
Verified
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