Multiple Choice
Reserves held at the Fed are:
A) kept in a secure vault in Washington,DC.
B) electronic claims that can be converted into currency if the bank wishes.
C) mostly held by banks in Panama,Ecuador,and El Salvador.
D) kept exclusively in the form of gold bars.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q211: The paper currency circulated in the United
Q212: What is the purpose of the Fed's
Q213: Open market purchases stimulate the economy through
Q214: If the reserve ratio is 5%,then an
Q215: Which is NOT a means of payment
Q217: Explain how the Fed is structured and
Q218: Which is an example of quantitative easing
Q219: The risk that the failure of one
Q220: Over which of the following definitions of
Q221: If the Fed wants short-term interest rates