The Federal Reserve requires commercial banks to have reserves because: ____________ a. reserves provide the Fed a means of controlling the money supply. b. this is the way the Fed monitors bank solvency.

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asked Apr 18, 2023 158k views

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The Federal Reserve requires commercial banks to have reserves because: ____________

a. reserves provide the Fed a means of controlling the money supply.
b. this is the way the Fed monitors bank solvency.
c. reserves are needed for banks to earn money.
d. reserves are a claim that commercial banks have against the Federal Reserve Banks.