If a borrower has a mutual fund, how much of the fund’s face value may be used to satisfy reserve requirements?
A. 70%
B. 60%
C. 100%
D. 80%
Answer:C
If a borrower has a mutual fund, how much of the fund’s face value may be used to satisfy reserve requirements?
A. 70% B. 60% C. 100% D. 80%