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valputin valputin
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8 years ago
Banks' asset portfolios include state and local government securities because
A) banks consider them helpful in attracting accounts of Federal employees.
B) the Federal Reserve requires member banks to buy securities from state and local governments located within their respective Federal Reserve districts.
C) they help to attract business from these government entities.
D) there is no default-risk with state and local government securities.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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#2
8 years ago
Perfect answer, thx
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
You're very welcome, valputin
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