_______________ is a system of reserve accounting in which the maintenance period more or less corresponds to the computation period.
A)Computation period accounting
B)Double-entry accounting
C)Lagged reserve accounting
D)Contemporaneous reserve accounting

Question

Quizplus · Accepted Answer

Contemporaneous reserve accounting is a system of reserve accounting in which the maintenance period more or less corresponds to the computation period. In this system, banks adjust their reserve accounts on a daily basis to ensure compliance with the required reserve ratio.

_______________ Is a System of Reserve Accounting in Which the Maintenance