Required reserves
a. are the minimum amount of legal reserves that a depository institution m...
Required reserves
a. are the minimum amount of legal reserves that a depository institution must have to back up its checkable deposits.
b. currently must be no more than 5% of the total checkable deposits of a depository institution.
c. are equal to 100% of deposits in a fractional reserve banking system.
d. are the minimum amount of reserves that must be loaned out by a depository institution.
Answers: 1
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