The item that is part of legal reserves whose daily average amount is figured over the same computation period as transaction deposits is:
A) Vault cash
B) Non personal time deposits
C) Eurodollar deposits
D) Business CDs
E) None of the above

Question

Quizplus · Accepted Answer

Vault cash is part of the legal reserves of a bank, and its daily average amount is calculated over the same computation period as transaction deposits. This is because vault cash is readily available to meet the demands of depositors, similar to how transaction deposits are directly available for withdrawal or payment.

The Item That Is Part of Legal Reserves Whose Daily