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Elina [12.6K]
3 years ago
6

The name given to the fraction of deposits that a bank is legally required to hold in its vault, or as deposits at the fed, is _

_________.
Business
1 answer:
r-ruslan [8.4K]3 years ago
7 0
The answer to this question is the "REQUIRED RESERVE RATIO", it is the name given to the fraction of deposits that a bank is legally required to hold in its vault or as deposits at the fed. As per law and based on the checking account deposits, there is required reserve that a bank is legally authorized to hold.
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