The reserve requirement requires
A) the federal government to insure all bank deposits of up to $250,000.
B) the Federal Reserve to hold a minimum amount of gold and precious metals.
C) the Treasury Department to reserve a portion of U.S. currency in the event of a
National emergency.
D) banks to have a certain amount of money on hand to back up their assets.
Correct Answer:
Verified
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A)
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