NO.PZ2020042003000104
问题如下：
A depository institution’s money position
is influenced by a long list of factors, which of the following statements
about this topic is NOT true?
选项：
A. the amount of currency and
coin shipments back and forth between each depository and the central bank's
vault can influence the depository institution’s money position.
The purchases and sales of government
securities and borrowing and lending in the Federal funds (interbank) market
can influence the depository institution’s money position.
The goal of money position
management is to keep legal reserves at required level with no excess reserves
and no reserve deficit large enough to incur a penalty.
When a depository has an excess reserve, it can purchase federal funds or
borrow from the federal reserve bank.
解释：
考点：对Legal Reserves and Money Position
Management的理解
答案：D
解析：
选项D错误。选项D描述的情况发生在Reserve deficit时。
如果有Excess reserve，应当的做法是Sell Federal funds to other depositories short of legal reserves，或者是Excess appears to be longer lasting, purchase securities or make new
loans.
A选项是什么意思
