Commercial bank reserves are typically less than 1 percent of total assets,however in 2013 bank reserves ________ because of ________.
A) rose to around 88 percent;the financial crisis of 2008-2009
B) dropped drastically to near zero;the financial crisis of 2008-2009
C) rose to around 18 percent;the financial crisis of 2008-2009
D) dropped drastically to near zero;the wave of natural disasters experienced in the nation and around the world
E) rose drastically to around 18 percent;the wave of natural disasters experienced in the nation and around the world
Correct Answer:
Verified
Q100: The goal of a commercial bank is
Q101: Q102: Which of the following lists includes only Q103: A commercial bank's reserves are equal to Q104: Which of the following is a thrift Q106: Which of the following is a thrift Q107: A bank has checkable deposits of $1,000,000,loans![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents