18-18 The minimum average daily reserves required in a maintenance period is a percentage of the daily average demand deposits held by a bank during the computation period.

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This statement is true. The minimum average daily reserves required in a maintenance period is indeed a percentage of the daily average demand deposits held by a bank during the computation period. This reserve requirement is set by the central bank of a country and varies depending on factors such as the size and type of the bank and the prevailing economic conditions.

18-18 the Minimum Average Daily Reserves Required in a Maintenance