For reserve calculation purposes, the period that begins on a Tuesday and ends on a Monday 14 days later is known as
A)the reserve maintenance period.
B)the reserve allocation period.
C)the reserve computation period.
D)the contemporaneous accounting period.
E)None of the above.

Question

Quizplus · Accepted Answer

The reserve computation period is the time frame used by banks to calculate their reserve requirements, typically spanning from a Tuesday to the second Monday following that Tuesday.

For Reserve Calculation Purposes, the Period That Begins on a Tuesday