By law, all banks are required to hold a certain percentage of their checking deposits on reserve either in the form of vault cash or deposits at the Federal Reserve.
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Q19: Checking accounts perform the same functions as
Q20: A money market deposit account pays a
Q21: Although a bank may allow you to
Q22: With interest compounding, a bank pays interest
Q23: Vault cash, mortgage loans, and checking deposits
Q25: Concerning a bank, its required reserves equal
Q26: To find the maximum amount of money
Q27: The money multiplier equals 1 + required
Q28: The Comptroller of the Currency insures savings
Q29: When the Federal Deposit Insurance Corporation deals
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