The reserve requirement for time deposits with original maturities of less than 18 months is _____%.

Reserve Requirement

Central bank regulations that set the minimum amount of reserves that must be held by a commercial bank, not to be loaned out or spent.

Time Deposits

Time Deposits are bank deposits with a fixed term or period of maturity, during which withdrawal entails a penalty, usually offering higher interest rates than savings accounts.

Original Maturities

The initial term agreed upon at the issuance of a financial instrument or loan, before any extensions or roll-overs.

Attain insight into the mechanisms through which banks function, with an emphasis on reserve requirements.

Verified Answer

Zybrea KnightJun 05, 2024

Final Answer :

Learning Objectives

Attain insight into the mechanisms through which banks function, with an emphasis on reserve requirements.

The reserve requirement for time deposits with original maturities of less than 18 months is _____%.

Definitions

Learning Objectives

Learning Objectives

Related questions