Question and answer
The Fed requires all member banks to deposit a percentage of every deposit either in their bank vaults or in the Fed to use as a reserve. True or False
The Fed requires all member banks to deposit a percentage of every deposit either in their bank vaults or in the Fed to use as a reserve. TRUE.
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Asked 10/29/2013 10:35:43 AM
Updated 8/29/2015 1:45:22 AM
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This answer has been confirmed as correct and helpful.
Edited by Andrew. [8/29/2015 1:45:01 AM], Confirmed by Andrew. [8/29/2015 1:45:01 AM], Edited by Andrew. [8/29/2015 1:45:22 AM]
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