Fill This Form To Receive Instant Help
Homework answers / question archive / Vault cash generally shows a bank's reserve requirement Thue False
Vault cash generally shows a bank's reserve requirement Thue False
The statement is True.
Reserve requirement are amount of funds a bank holds in reserve to ensure that they are able to meet their liabilities in case of sudden withdrawals. This reserve amount/cash is stored in the bank vault and hence called vault cash.