The Simpson State Bank of Stillwater has just sold Federal funds to another bank in its Federal Reserve district.Which type of factor affecting legal reserves is this for the bank?
A) A controllable factor increasing legal reserves
B) A noncontrollable factor increasing legal reserves
C) A controllable factor decreasing legal reserves
D) A noncontrollable factor decreasing legal reserves
E) None of the options is correct
Correct Answer:
Verified
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