For a commercial bank, the term ʺreservesʺ refers to
A) the cash in its vaults and its deposits at the Federal Reserve.
B) a bankerʹs concern ʺreservationʺ) in making loans to an individual without a job.
C) the net interest that it earns on loans.
D) the profit that the bank retains at the end of the year.
Correct Answer:
Verified
Q118: A depository institution is
A) an insurance agency,
Q119: Checks and credit cards are NOT considered
Q120: A credit union is
A) a commercial bank
Q121: Which of the following functions are performed
Q122: Which of the following are part of
Q124: An asset category that caries the highest
Q125: A bankʹs reserves include
A) its common stock
Q126: The practice of borrowing short and lending
Q127: Which of the following is a service
Q128: Bank reserves include
I. the cash in the
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