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According to the limits set by congress, the fed may require a bank that has checkable deposits worth more than $125 million to maintain a reserve of ______ of these deposits

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According to the limits set by U.S Congress, the Fed may require a bank which has checkable deposits that is worth more than $125 million to maintain a reserve of 8% to 14% of these deposits.

What is the Federal Reserve System?

The Federal Reserve System is also referred to as the "Fed" and it was enacted into law by the Federal Reserve Act on the 23rd of December, 1913 by the U.S Congress.

Also, it is important to note that the "Fed" is just like all central banks and as such, it's considered as a United States government agency.

Basically, all the money in the economy of the United States of America is essentially a debt of the Federal Reserve System and all the chartered banks.

According to the limits that were set by U.S Congress, the Federal Reserve System (Fed) may require a bank which has checkable deposits that is worth more than $125 million to maintain a reserve of 8% to 14% of these deposits.

Read more on Federal Reserve here: brainly.com/question/23787400

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