1
Question
Who maintains the cash reserves of commercial banks?
Who maintains the cash reserves of commercial banks?
Open in App
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.
Suggest Corrections
2
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
