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A bank needs 0.76 million to meet reserve requirements? What is the second most desirable way to raise reserves to meet the requirement? (This question
A bank needs 0.76 million to meet reserve requirements? What is the second most desirable way to raise reserves to meet the requirement? (This question is not asking for the most desirable way but the second most desirable way.)
A. Borrow 0.76 million from the Fed.
B. Sell 1 million dollars in loans at 76 cents to the dollar.
C. Sell 0.76 million of T-bills.
D. Borrow 0.76 million from another bank at the federal funds rate.
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