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#1. When a bank keeps $12 from a $100 deposit as legal reserves, it is using a. the Federal Reserve System. c. a legal reserve system. b. a fractional reserve system. d. a fractional deposit system. #2.The Fed has defined different categories of money, M1 and M2, according to the money's a. source. c. form. b. function. d. value. The real rate of interest:

Theresa Perry

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Amanda Johnson on March 7, 2018

The correct answer to the question that is being asked and that is shown above is that: "c. a legal reserve system. "When a bank keeps $12 from a $100 deposit as legal reserves, it is the use of a legal reserve system. The correct answer to the question that is being asked and that is shown above is: d. value". The Fed has defined different categories of money, M1 and M2, in accordance with the money value.


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