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.

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:

Question

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.

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:

anonymous · Answer

1.c?
2.d?

anonymous · Answer

For question number 2 the answer is form or type of the money I believe, so letter C.