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Question
Who maintains the cash reserves of commercial banks?
Who maintains the cash reserves of commercial banks?
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Solution
The correct option is A Central bank
As a custodian of the cash reserves of commercial banks, the central bank maintains the cash reserves of these banks. Every commercial bank has to keep a certain percent of its cash reserve with the central bank by law.
Central bank
As a custodian of the cash reserves of commercial banks, the central bank maintains the cash reserves of these banks. Every commercial bank has to keep a certain percent of its cash reserve with the central bank by law.
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