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

Question

Quizplus · Accepted Answer

The period that begins on a Thursday and ends on a Wednesday 14 days later is called the reserve maintenance period, during which banks are required to maintain a certain amount of reserves with the Federal Reserve.

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