Reserve requirement is a rule of the Fed which requires that all of its member banks hold funds which are more than the stated percentage of the deposits held by their customers.
Answer the following statement true (T) or false (F)
False
The Fed requires that all of its member banks hold funds called reserves, equal to a stated percentage of the deposits held by their customers. This percentage is called the reserve requirement. See 2-2: Managing the Economy through Fiscal and Monetary Policy
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