The period in which banks are required to hold an amount of reserve assets that was determined in the computation period is called which of the following?
A)the fiscal period
B)the cyclical period
C)the maintenance period
D)the band period

Question

Quizplus · Accepted Answer

The period in which banks are required to hold an amount of reserve assets that was determined in the computation period is called the maintenance period. During the maintenance period, banks must hold a certain amount of reserve assets to ensure they meet reserve requirements set by the central bank.

The Period in Which Banks Are Required to Hold an Amount