WONDER #1837: How Much Money Can a Bank Hold?
Question 1 of 3
The minimum amount of money a bank must keep on hand in case depositors wish to withdraw money is known as the what?
- reserve requirement
- cash flow
- savings account
Question 2 of 3
In the United States, the reserve requirement for banks with transaction accounts totaling between $15.2 million and $110.2 million is what?
Question 3 of 3
The reserve requirement in the United States is set by the Board of Governors of the what?
- Federal Entertainment Coalition
- White House
- Federal Reserve System
Check your answers online at https://www.wonderopolis.org/wonder/how-much-money-can-a-bank-hold.