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Which of the following is TRUE of the bank reserves held at the Fed?

JohnCena494

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Which of the following is TRUE of the bank reserves held at the Fed?

Which of the following is TRUE of the bank reserves held at the Fed?

▸ These reserves are an asset to the bank and a liability to the Fed.

▸ These reserves are a liability to the bank and an asset to the Fed.

▸ These reserves are a liability to both the bank and the Fed.

▸ These reserves are an asset to both the bank and the Fed.

Textbook

Macroeconomics

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 34 times

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wonton1

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this is exactly what I needed

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