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

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Jarrett Norris

Social Studies

17 April, 18:22

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

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Georgia Brock · 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.