Examlex
Which of the following items is NOT required to be examined by the controller or treasurer before signing a cheque?
Actual Reserves
The amount of funds that a bank has on hand and in reserve accounts, which can be used to meet any withdrawal or payment demands.
Vault Cash
The physical currency a bank holds in its vault as part of its required reserves or for daily operations.
Monetary Policy
Central bank policies aimed at influencing economic activities through controlling interest rates and supply of money.
Reserve Requirement
The Reserve Requirement is a central banking regulation that sets the minimum amount of reserves each bank must hold as a proportion of its deposits, a tool used to control the money supply.
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