The required reserves of a bank are:
A)held as deposits with the Federal Reserve System.
B)equal to its loans.
C)equal to its checkable deposits.
D)none of these.

Name: The required reserves of a bank are: A)held as deposits with the Federal Reserve System. B)equal to its loans. C)equal to its checkable deposits. D)none of these.
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Required reserves are the portion of deposits that banks must hold as reserves, either in their vaults or as deposits with the Federal Reserve System.

The Required Reserves of a Bank Are