Which of the following is a discretionary factor that will decrease a bank's daily reserves held at the Federal Reserve?

Which of the following is a discretionary factor that will decrease a bank's daily reserves held at the Federal Reserve?



a. Remittances charged

b. Federal funds purchased

c. The previous day's immediate cash letter

d. Currency received from the Federal Reserve

e. Deficits at the local clearinghouse



Answer: D


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