Answer:
Reserve Requirements
By JAMES CHEN
Fact checked by MARCUS REEVES
Reviewed by KHADIJA KHARTIT on August 29, 2021
What Are Reserve Requirements?
Reserve requirements are the amount of cash that banks must have, in their vaults or at the closest Federal Reserve bank, in line with deposits made by their customers. Set by the Fed's board of governors, reserve requirements are one of the three main tools of monetary policy—the other two tools are open market operations and the discount rate.
On March 15, 2020, the Federal Reserve Board announced that reserve requirements ratios would be set to 0%, effective March 26, 2020. Prior to the change effective March 26, 2020, the reserve requirement ratios on net transactions accounts differed based on the amount of net transactions accounts at the institution.1
The best and most correct answer among the choices provided by the question is A.support local political bosses in their efforts to help city dwellers .
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An undersea volcanic formation that does not rise at least 1000 meters above surrounding sea floor is called a seamount.
Answer: Five Motives for Imperialism. Various motives prompt empires to seek to expand their rule over other countries or territories. These include economic, exploratory, ethnocentric, political, and religious motives.
Explanation: