Question

Bank reserves include Part 2 A. vault cash and deposits with the Federal Reserve. B. loans to bank customers and deposits with the Federal Reserve. C. vault cash and loans to bank customers. D. customer checking accounts and vault cash.

Answer 1

Bank reserves include vault cash and deposits with the Federal Reserve

What is cash?

Cash is money in the physical form of currency, such as banknotes and coins, in economics. Cash is a current asset in bookkeeping and financial accounting that consists of currency or currency equivalents that can be accessed immediately or nearly immediately.

Cash (currency or coins) is legal tender that can be used to exchange goods, debt, or services. It may also include the value of assets that can be quickly converted into cash, as reported by a company.

Money in checking accounts Money in savings accounts Drafts from banks Orders for money Petty cash

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