Ask Question
30 May, 01:17

What is a reserve rate

+5
Answers (1)
  1. 30 May, 01:51
    0
    The reserve ratio is the portion of depositors' balances that banks must have on hand as cash. This is a requirement determined by the country's central bank, which in the United States is the Federal Reserve. The reserve ratio affects the money supply in a country at any given time.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is a reserve rate ...” in 📘 SAT 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