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