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Loraine Loraine
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8 years ago
The required reserve ratio is the
A) amount of excess reserves the bank holds just in case.
B) total amount of reserves the bank holds in its vaults.
C) total amount of reserves the bank holds at the Fed.
D) amount of reserves banks are required by the Fed to be held as a percentage of the bank's deposits.
E) amount of reserves banks are required by the Fed to be held as a percentage of the bank's loans.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
Don't mention it Happy Dummy
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