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Question
Prior to 1980:A. member banks of the Federal Reserve did not have to hold non-interest-bearing reserve deposits at the Fed.
B. nonmember banks had to hold non-interest-bearing reserve deposits at the Fed.
C. nonmember banks did not have to hold non-interest-bearing reserve deposits at the Fed.
D. all banks, member or not, had to hold reserve deposits at the Fed in a non-interest-bearing account.
Answer
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Related questions
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