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The__ is/are a percentage of commercial banks' checking and saving accounts that must be kept in the banks or in a non intrest- bearing deposits at the local federal reserve district bank. a. reserve b. reserve requirement c. federal deposits d. cash deposits
The RESERVE REQUIREMENT is a percentage of commercial banks' checking and saving accounts that must be kept in the banks or in a non-interest-bearing deposits at the local federal reserve district bank.
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Asked 6/2/2011 6:15:28 PM
Updated 4/19/2016 8:25:52 PM
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Edited by yumdrea [4/19/2016 8:25:49 PM]
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The RESERVE REQUIREMENT is a percentage of commercial banks' checking and saving accounts that must be kept in the banks or in a non-interest-bearing deposits at the local federal reserve district bank.

Added 4/19/2016 8:25:52 PM
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