Banks operate in the Ample Reserves regime when

	a.	tax revenues are greater thanor equal to government expenditure.
	b.	tax revenues are less than government expenditure.
	c.	the interest rate on reserves if greater than or equal to the federal funds rate.
	d.	the interest rate on reserves is less then the federal funds rate.
	e.	the reserve ratio for checkable deposits is greater than the reserve ratio for savings and time deposits.