A bank's money position manager is responsible for ensuring that the bank maintains an adequate level of legal reserves.

Question

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The job of a bank's money position manager is to manage the bank's daily liquidity needs and ensure that the bank has enough money available to meet its obligations. One of the key ways that the money position manager does this is by ensuring that the bank maintains an adequate level of legal reserves, which are the minimum amount of cash and other liquid assets that banks are required to hold by law. Therefore, it is true that a bank's money position manager is responsible for ensuring that the bank maintains an adequate level of legal reserves.

A Bank's Money Position Manager Is Responsible for Ensuring That