Which of the following would a bank not hold as insurance against the highest cost of deposit outflow-bank failure?
A) Excess reserves
B) Secondary reserves
C) Bank capital
D) Mortgages
Answer: D
Which of the following would a bank not hold as insurance against the highest cost of deposit outflow-bank failure?
A) Excess reserves
B) Secondary reserves
C) Bank capital
D) Mortgages
Answer: D