Which of the following is a valid statement?
A)Excess reserves = total reserves minus required reserves.
B)Required reserves = the minimum reserves required by the Fed.
C)Required reserve ratio = required reserves as a percentage to total deposits.
D)All of these.

Question

Quizplus · Accepted Answer

All the statements are valid: A) defines excess reserves, B) defines required reserves, and C) defines the required reserve ratio.

Which of the Following Is a Valid Statement