18-89 the Minimum Daily Average Reserve Requirement Is Computed by

question 79

Multiple Choice

18-89 The minimum daily average reserve requirement is computed by

• A)multiplying the reserve ratio by the daily closing deposit balance.
• B)multiplying the reserve ratio by the daily average closing deposit balance.
• C)dividing the reserve ratio by the daily average closing deposit balance.
• D)dividing the reserve ratio by the daily closing deposit balance.
• E)adding up daily closing deposit balances and dividing by 14.

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