1. It is common for the Fed to change reserve requirements as often as six or seven times a year.
True
False
2. The reserve requirement against time and savings deposits generally is higher than that required against transactions account balances.
True
False
3. According to Federal Reserve regulations, loans from the Fed's discount window may not be for longer than 24 hours.
True
False
4. In the process of making loans, banks actually create deposits/money.
True
False