In the United States, where do depository institutions hold their reserves?
A. in accounts with the U.S. Department of the Treasury
B. either as vault cash or on reserve with Federal Reserve district banks
C. in their own vaults in the form of precious metals such as gold and silver
D. All reserves must be held at a Federal Reserve district bank.
Answer: B
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What will be an ideal response?
The largest component of aggregate demand is
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