The amount that a bank is legally required to keep on hand is called the:
A) required reserves.
B) demand deposits.
C) federal funds.
D) reserve ratio.
Correct Answer:
Verified
Q18: Wide acceptance of money without intrinsic value
Q19: If a good with intrinsic value loses
Q20: Which of the following is a good
Q21: If there were no fractional reserve banking:
A)
Q22: Any amount that a bank chooses to
Q24: Commodity-backed money is:
A) any form of money
Q25: The smaller the reserve ratio, the:
A) less
Q26: The amount of cash kept as reserves
Q27: We know how many dollars banks create
Q28: If the reserve ratio was 100 percent,
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