Join ExamsbookAnswer : 4. "deposits at the Federal Reserve Bank and vault cash"
The reserves of a commercial bank consist of5
Q: The reserves of a commercial bank consist of
- 1the bank's net worthfalse
- 2the amount of money market funds it holdsfalse
- 3government securities that the bank holdsfalse
- 4deposits at the Federal Reserve Bank and vault cashtrue
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Answer : 4. "deposits at the Federal Reserve Bank and vault cash"
Explanation :
Answer: D) deposits at the Federal Reserve Bank and vault cash Explanation: