Which Elements Are Always Included in the Heading of a Memo

question 73

Multiple Choice

Which elements are always included in the heading of a memo?

• A) Date, Address, To, Subject
• B) To, From, Date, Subject
• C) Address, To, Date, Close
• D) Title, Address, Subject, To
• E) To, From, Subject, Action

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Definitions:

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposit account liabilities, as mandated by the central bank, to ensure bank liquidity.

Demand Deposits

Bank accounts that allow the holder to withdraw funds without advance notice, such as checking accounts.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against specified deposit liabilities, as dictated by the central bank's regulations.

Primary Reserves

Liquid assets held by financial institutions to meet regulatory requirements and immediate liquidity needs.