The percentage of commercial banks' checking and savings accounts that must be kept in the bank is referred to as ______.

Question

22-07-2022
Business

contestada

The percentage of commercial banks' checking and savings accounts that must be kept in the bank is referred to as ______.

Respuesta :

Otras preguntas

According to the study by Simon and Martens comparing state anxiety before competitive sports to state anxiety before other childhood evaluative activities, the

You work for a local snack manufacturing and distribution company and have been asked to assist in the data collection process for ongoing marketing research. Y

Two pulses of exactly the same size and shape are traveling toward each other along a stretched rope; they differ only in that one is upright while the other is

Marco said he can find 350 - 10 by taking the 0 off of 350 to get 35. Marco finds 63.70 = 10 using the same method and gets 63.7. Use the drop-down menus to com

When a new product is being introduced and reaching as many persons in the target market as quickly and as cost effectively as possible is an objective, persona

At the end of Year 1, Voss Company had $8,000 of inventory. During Year 2 the following events occurred: (1) Voss Company purchased $10,000 of inventory with c

DMA controllers ____.A) do not utilize an additional, special purpose, processorB) are a nonstandard component in PCs of todayC) can steal memory access cycles

Which of the following statements concerning the process of spontaneous folding of proteins is false? A) It may be an essentially random process. B) It may be

The _______ nervous system is in charge of "fight or flight" while the _______ nervous system is in charge of "rest and digest". A. parasympathetic; somatic B

What was one of the first assessments to take advantage of computer-adaptive assessment where the computer adapts to test to the individual taking the assessmen

Tutorconsortium338 Tutorconsortium338 · Answer 1 · 2022-07-30T15:42:45+02:00

The percentage of commercial banks' checking and savings accounts that must be kept in the bank is referred to as :- Statutory Reserve Ratio.

The statutory reserve ratio (SRR) is the proportion of the deposit liabilities that commercial banks are required to keep as a cash deposit with the Central Bank. Under the Monetary Law Act (MLA), commercial banks are required to maintain reserves with the Central Bank at rates determined by the Bank.

Why is SRR important?

Reserve requirements are the amount of funds that a bank holds in reserve to ensure that it is able to meet liabilities in case of sudden withdrawals. Reserve requirements are a tool used by the central bank to increase or decrease the money supply in the economy and influence interest rates.

To know more about SRR, check the links.

https://brainly.com/question/24174376

https://brainly.com/question/24179879

#SPJ4