The regulatory agency that sets reserve requirements for all banks is
A)the Federal Reserve System.
B)the Federal Deposit Insurance Corporation.
C)the Office of Thrift Supervision.
D)the Securities and Exchange Commission.

Question

Quizplus · Accepted Answer

The Federal Reserve System is responsible for setting reserve requirements for all banks in the United States. The reserve requirements are intended to ensure that banks have enough cash on hand to meet their obligations and to maintain overall financial stability in the banking system.

The Regulatory Agency That Sets Reserve Requirements for All Banks