The Two-Week Period During Which a Bank Must Hold Sufficient

question 18

Multiple Choice

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.

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Definitions:

Illegal

Activities or actions that are forbidden by law and subject to criminal penalties or other sanctions.

Consumer Law

Statutes, agency rules, and judicial decisions protecting consumers of goods and services.

Statutes

Laws or acts enacted by the legislative branch of a government.

Agency Rules

Regulations and guidelines established by governmental agencies to govern specific areas of administrative law and public policy.