Funds that were "swept" out of checkable deposits and into money market deposit accounts (MMDAs)
A) have caused the amount of required reserves held by banks and other depository institutions to increase dramatically in recent years.
B) allow depository institutions to shift customers' funds out of accounts that are subject to reserve requirements and into highly liquid accounts that are not.
C) have made it easier for the Fed to implement monetary policy.
D) All of the above are correct.
Correct Answer:
Verified
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