Ask Question
25 August, 06:39

1. What are reserves held by banks?

+5
Answers (1)
  1. 25 August, 08:29
    0
    This is what I found!

    Explanation:

    Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “1. What are reserves held by banks? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers