The Processor Component of the SUMURU Framework Contains

question 26

Multiple Choice

The processor component of the SUMURU framework contains:

• A) local and remote networks.
• B) single-user, multiple-user, and remote utility systems.
• C) file transfer, access, and e-mail.
• D) None of the above

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Definitions:

Actual Reserves

The amount of funds that a bank has on hand and available to lend, beyond its reserve requirements.

Required Reserves

The minimum amount of funds a bank must hold in reserve against deposit liabilities, as mandated by regulatory authorities.

Required Reserve Ratio

The fraction of deposits that banks are required to keep on hand and not loan out, used by central banks to control the amount of money in circulation.

Legal Reserves

Reserves that depository institutions are allowed by law to claim as reserves; vault cash and deposits held at Federal Reserve district banks.