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Question
In the United States, where do depository institutions hold their reserves?
A) In their own vaults in the form of precious metals such as gold and silver
B) In accounts with the U.S. Department of the Treasury
C) Either as vault cash or on reserve with Federal Reserve district banks
D) All reserves must be held at a Federal Reserve district bank
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Why should a perfect competitor produce at which price equals marginal cost?
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Suppose that during a given time period the implicit cost for a business was $1,500 and that the explicit cost was $6,000. Also suppose that the firm sold 1,000 units of its products at $7 per item. We can conclude that the firmʹsA) accounting profit was $1,000, and its economic profit was -$500. B) accounting and economic profits were both $1000.C) accounting profit was -$500, and economic profit was $1,000. D) accounting profit was $1000, and economic profit was -$1,500.
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Why?
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