In the United States, bank reserves consist of:
A) currency and demand deposits.
B) vault cash and deposits at the Federal Reserve.
C) gold deposits at the Federal Reserve.
D) the money supply.
Correct Answer:
Verified
Q21: Currency equals:
A) M1.
B) the sum of funds
Q22: Demand deposits are funds held in:
A) currency.
B)
Q23: Payment is deferred by using _, but
Q24: In the United States, the money supply
Q25: Banks create money in:
A) a 100-percent-reserve banking
Q27: In a 100-percent-reserve banking system, if a
Q28: Open-market operations are:
A) Commerce Department efforts to
Q29: Checking account balances that are linked to
Q30: In a system with fractional-reserve banking:
A) all
Q31: Money market mutual fund shares are included
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