The cash that a bank keeps in its vault is called its:
A) reserves.
B) deposits.
C) loans.
D) savings.

Name: The cash that a bank keeps in its vault is called its: A) reserves. B) deposits. C) loans. D) savings.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

The cash that a bank keeps in its vault is called its reserves. This is the amount of money that a bank must maintain on hand to meet depositors' demands for withdrawals and to honor checks.

The Cash That a Bank Keeps in Its Vault Is