关于C选项

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：

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.