The required reserve ratio for a bank is set by:
a. Congress.
b. the bank itself.
c. the banking system.
d. the Treasury Department.
e. the Federal Reserve.
e
Economics
You might also like to view...
What determines the real exchange rate and the nominal exchange rate in the short run?
What will be an ideal response?
Economics
Refer to Scenario 25-2. As a result of Kristy's deposit, checking account deposits in the banking system as a whole (including the original deposit) could eventually increase up to a maximum of
A) $8,000. B) $10,000. C) $50,000. D) $100,000.
Economics