Answers FL-2102373-Personal Finance and Money Management Honors Federal Tax FormsQuestion 6

6

AssignmentMultiple Select

Federal Tax Forms

Question 6 • FL-2102373-Personal Finance and Money Management Honors

Why do banks keep some money in reserve rather than loaning out all of their deposits? Check all that apply.

Answer

A

to ensure they have money on hand to loan to wealthy corporations

B

because they are required to by law

C

because they have to meet the withdrawal requests made by customers

D

to ensure that bank runs will take place

E

to avoid loaning out funds whenever possible

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