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Take a Test- Diego Noboa - Google Chrome Secure https/www.mathxl.com/Student/PlayerTest.aspx?testld- 168524840&centerwi; 12138a Test: Exam 04 Time Remaining: 01:42:40 Submit Te This Question: 1 pt 36 of 50 This Test: 50 pts poss Required reserves O A. are the minimum amount of legal reserves that a depository institution must have to back up its checkable deposits 0 B, currently must be no more than 5% of the total checkable deposits of a depository institution. c, are equal to 100% of deposits in a fractional reserve banking system. O D. are the minimum amount of reserves that must be loaned out by a depository institution. PM 2017 Click to select your answer er

Explanation / Answer

Are the minimum amount of legal reserves that a depository institution must have to back up its checkable deposits

the above is the answer

this is set by the central bank of the country

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