The primary purpose of the legal reserve requirement is toa. Prevent banks from hoarding too much vault cash. b. Provide a means by which the monetary authorities can influence the lending ability of commercial banks. c. Prevent commercial banks from earning excess profits. d. Provide a dependable source of interest income for commercial banks.
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Home » Business » The primary purpose of the legal reserve requirement is toa. Prevent banks from hoarding too much vault cash. b. Provide a means by which the monetary authorities can influence the lending ability of commercial banks. c.