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Basic Question 1 of 13
Banks must keep a percentage of their deposits on hand as ______.
B. required reserves
C. safe deposit reserves
A. excess reserves
B. required reserves
C. safe deposit reserves
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe tools used to implement monetary policy tools and the monetary transmission mechanism, and explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates
CFA® 2024 Level I Curriculum, Volume 1, Module 4.