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JohnCena494 JohnCena494
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A month ago
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: 3rd
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wonton1wonton1
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These reserves are an asset to the bank and a liability to the Fed.
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