The two-week period during which a bank must hold sufficient legal reserves is called the:
a. deposit computation period.
b. deposit maintenance period.
c. vault cash computation period.
d. base computation period.
e. maintenance period.
Answer: E
Management Chapter | Multiple Choice | Questions and Answers | Test Bank
a. deposit computation period.
b. deposit maintenance period.
c. vault cash computation period.
d. base computation period.
e. maintenance period.
Answer: E