Which of the following observations is true of the contemporaneous reserve accounting system?
A)The reserve computation and reserve maintenance periods do not overlap.
B)The maintenance period does not begin until seventeen days after the end of the computation period.
C)It results in a two-day window during which required reserves are known with certainty.
D)It increases the accuracy of information on aggregate required reserve balances.
E)It may be used instead of the lagged reserve accounting system.

Question

Quizplus · Accepted Answer

The contemporaneous reserve accounting system results in a two-day window during which required reserves are known with certainty.

Which of the Following Observations Is True of the Contemporaneous