Reserves must be deposited in the Federal Reserve Banks by: only commercial bank

Question

Reserves must be deposited in the Federal Reserve Banks by:

only commercial banks which are members of the Federal Reserve System.

all depository institutions, that is, all commercial banks and thrift institutions.

state chartered commercial banks only.

federally chartered commercial banks only.

only commercial banks which are members of the Federal Reserve System.

all depository institutions, that is, all commercial banks and thrift institutions.

state chartered commercial banks only.

federally chartered commercial banks only.

Explanation / Answer

B

all depository institutions, that is, all commercial banks and thrift institutions.

B

all depository institutions, that is, all commercial banks and thrift institutions.

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