If deposits are withdrawn from a commercial bank it

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College Accounting, Chapters 1-27
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Chapter 3 / Exercise 6
College Accounting, Chapters 1-27
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27. If deposits are withdrawn from a commercial bank, it may obtain reserves by3
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College Accounting, Chapters 1-27
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Chapter 3 / Exercise 6
College Accounting, Chapters 1-27
Heintz/Parry
Expert Verified
28. When a commercial bank receives a cash deposit,1. its required reserves increase2. its required reserves decrease3. its total reserves increase
29. Commercial banks lend excess reserves for one day in the
30. The Federal Reserve increases reserves bya. selling securitiesb. buying securitiesc. raising reserve requirementsd. raising the discount rate
31. The Federal Reserve
32. By lowering the discount rate, the Federal Reserve
33. The purpose of the Federal Reserve is to
4
34. The structure of the Federal Reserve includes1. all commercial banks2. the twelve district banks3. the Board of Governorsa. 1 and 2b. 1 and 3c. 2 and 3d. 1, 2, and 3
35. The members of the Board of Governors are
36. During a period of recession, a federal government surplus should retire debt owed

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