Finra Exam Series-7 Topic 6 Question 58 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 58
Topic #: 6

When the Federal Reserve lowers reserve requirements, what is it attempting to do?

Aease credit

Braise interest rates

Ccounter inflation

Dincrease the rediscount rate

Show Suggested Answer

Suggested Answer: A

ease credit. A lower reserve requirement permits member banks to have more money available for lending, thus ease credit.

by Yoko at Sep 21, 2022, 01:57 AM

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