A financial depository institution's reserve account balance plus vault cash equal its:
A) actual reserves.
B) excess reserves.
C) required reserves.
D) in-house reserves.

Name: A financial depository institution's reserve account balance plus vault cash equal its: A) actual reserves. B) excess reserves. C) required reserves. D) in-house reserves.
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Question

Quizplus · Accepted Answer

Actual reserves of a financial depository institution consist of the balance in its reserve account at the central bank plus the cash it holds in its vault.

A Financial Depository Institution's Reserve Account Balance Plus Vault Cash