The sum of the coins and currencies in the bank's vault and its deposit in the Fed is called:

a. vault cash.
b. transaction deposits.
c. legal reserves.
d. required reserves.
e. loanable funds.

c

Economics

You might also like to view...

What does unitary elastic demand mean?

What will be an ideal response?

View
Economics

What are the likely consequences of providing monetary incentives to politicians for good performance?

What will be an ideal response?

View
Economics