Match these three types of cash balances with the functions that they serve: a. Vault cash b.
Question:
a. Vault cash
b. Deposits at the Federal Reserve
c. Deposits at other FIs
(1) Used to meet legal reserve requirements
(2) Used to purchase services
(3) Used to meet customer withdrawals
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Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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