Reserves that banks are required by law to keep on hand to back up their deposits are called

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Social Studies

Jared Kelly

12 December, 23:56

Reserves that banks are required by law to keep on hand to back up their deposits are called

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Frederick Clark · Answer 1

The Fed increased both its purchase of assets and quantity of loans extended

Explanation:

because Reserves that banks are required by law to keep on hand to back up their deposits are called: required reserves. whatever is generally accepted in exchange for goods and services.