Reserves are:
A) the fraction of deposits kept in gold with the Federal Reserve.
B) the fraction of deposits kept in gold with the Federal Reserve
C) the deposits lent to finance illiquid investments.
D) the deposits lent to finance illiquid investments
E) the cash that banks need to keep on hand to make payments
F) the cash that banks need to keep on hand to make payments.
G) gold kept in the bank's vault
H) gold kept in the bank's vault.
Correct Answer:
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