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