makaylee031 makaylee031

03-02-2020
Mathematics

contestada

What is a reserve rate?
O
A. Special interest rates banks get for having a large number of
branches and customers
O
B. Special interest rate reserved for longtime customers of a bank
C. Interest rate charged to banks on loans they receive from the
Federal Reserve
D. The amount of funds that banks must hold in reserves
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Respuesta :

10-02-2020

D. The amount of funds that banks must hold in reserves

Step-by-step explanation:

This is the amount of money commercial banks must hold in rather than lend out. This amount is normally determined by the central bank of the country.

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Keywords :reserve rate, special interest, banks, federal reserve

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peaceandlove681 peaceandlove681

25-05-2021

Answer:

D. The amount of funds that banks must hold in reserves

Step-by-step explanation:

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