An individual bank will lose reserves to another bank when a check is written and deposited at the second bank. A) True B) False

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Business

Marlee

7 July, 19:39

An individual bank will lose reserves to another bank when a check is written and deposited at the second bank. A) True B) False

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Answers (1)

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Regan Barron · Answer 1

False

Explanation:

As our government gave the right to banks to question any queries regarding another bank details if the transaction is being processed. All the information that are needed from the bank to withdraw the money and deposit the money should be given to analyse whether the person will return the fund on given time. It is useful in getting suitable knowledge about that person and banks can also communicate about the coming problems and what pros and cons they might be facing in coming years so that they can be warned.