Which of the following is false?
A) Depository institutions must hold reserve assets equal to a certain fraction of deposit liabilities-called the required reserve ratio-which is set by the Fed.
B) The Fed influences the amount of cash assets outstanding and thus the amount available for reserves.
C) The Fed has significant influence over the money supply.
D) The required reserve ratio is set by the president of the United States.
Correct Answer:
Verified
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