Not true relative to reserve requirements

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Reference no: EM131874498

1. By far the most prevalent and significant activity at the Fed's discount window involves:

primary credit.

seasonal credit.

emergency credit

securitization credit

2. Which of the following is NOT true relative to reserve requirements?

bank vault cash will serve to meet the legal reserve requirement of a bank

the Federal Reserve does pay interest on banks' reserves

reserve requirements in the U.S. generally fall in the range of 10% to 20%

banks are not required to meet the legal reserve requirement by the close of business each day

Reference no: EM131874498

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