The Federal Reserve Banks now hold reserves for:
A. branches of foreign banks
B. only commercial banks, savings and loan associations, and credit unions
C. all of the reserve requirements of member banks
D. all of the reserve requirements of all depository institutions
Answer:A
The Federal Reserve Banks now hold reserves for:
A. branches of foreign banks B. only commercial banks, savings and loan associations, and credit unions C. all of the reserve requirements of member banks D. all of the reserve requirements of all depository institutions