Which of the following is true of the Fed's balance sheet?
A) The sum of Federal Reserve Notes and Reserve deposits by depository institutions equals the total of Fed assets.
B) The sum of Federal Reserve Notes and Reserve deposits by depository institutions equals the total of Fed liabilities.
C) The sum of Federal Reserve Notes and Reserve deposits by depository institutions equals the total of Fed assets plus the total of other Fed liabilities.
D) The sum of Federal Reserve Notes and Reserve deposits by depository institutions equals the total of Fed assets minus the total of other Fed liabilities.
Correct Answer:
Verified
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Q28: Deposits by depository institutions with the Fed
A)are
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