Banks hold some deposits on reserve at the Fed because
A) the Fed requires every bank to hold at least $100 million on deposit at all times.
B) the Fed will insure those deposits, but will not insure regular bank deposits.
C) these are membership dues for being a member bank.
D) these deposits meet the reserve requirements of the Fed.
D
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Real Gross Domestic Product is
A) the amount of people unemployed divided by the total labor force. B) the productivity of labor. C) the most that can be produced when the economy's resources are fully employed. D) the value of total production linked back to the prices of a single year.
Which of the following is true about producer surplus?
a. Producer surplus is how much more it costs sellers than they are paid b. Producer surplus is shown graphically as the area under the demand curve but above the supply curve. c. An increase in the market price due to an increase in demand will increase producer surplus. d. All of the above are true about producer surplus.