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 by a bank during a maintenance period is typically calculated as a percentage of the daily average demand deposits held by the bank during a defined computation period. The percentage varies depending on factors such as the size of the bank and the level of reserves required by the central bank.

The Minimum Average Daily Reserves Required in a Maintenance Period