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The proportion of currency banks hold in their vault relative to their deposits they hold is called the _____ ratio
The proportion of currency banks hold in their vault relative to their deposits they hold is called the _____ ratio.
a.
Liquidity.
b.
Acid-test.
c.
Currency drain.
d.
Reserve.
Expert Solution
It is the fixed proportion of currency banks hold in their vault relative to their deposits. The fixed ratio is known as Legal Reserve Ratio(LRR) and it is set up or decided by federal government as per the current market situation.
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