Which of the following is true of bank reserves held at the Fed? A) T
Which of the following is true of bank reserves held at the Fed?
A) These reserves are a liability to the bank and an asset to the Fed.
B) These reserves are a liability to both the bank and the Fed.
C) These reserves are an asset to the bank and a liability to the Fed.
D) These reserves are an asset to both the bank and the Fed.
ANSWER
C
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