Federal Reserve Bank Deposits Practice Questions
The free Federal Reserve Bank questions that deal with deposits, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #1
A bank has a reserve requirement of 10%. If it has $1,000,000 in deposits, how much must it hold in reserves?
Correct answer: D
Explanation
Banks must hold 10% of their deposits in reserves, so $1,000,000 * 10% = $100,000.
Question #4
A bank experiences a sudden influx of deposits. What is the first action the bank should take according to regulatory requirements?
Correct answer: C
Explanation
The bank must ensure it meets the reserve requirement after a sudden influx of deposits.
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