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Basic Question 1 of 13
Banks must keep a percentage of their deposits on hand as ______.
B. required reserves
C. safe deposit reserves
A. excess reserves
B. required reserves
C. safe deposit reserves
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Learning Outcome Statements
describe tools used to implement monetary policy tools and the monetary transmission mechanism, and explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates
CFA® 2025 Level I Curriculum, Volume 1, Module 4.