Match these three types of cash balances with the functions that they serve: (LG 12-1) a. Vault

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Match these three types of cash balances with the functions that they serve: (LG 12-1)

a. Vault cash

b. Deposits at the Federal Reserve

c. Deposits at other FIs

(1) Used to meet legal reserve requirements

(2) Used to purchase services

(3) Used to meet customer withdrawals AppendixLO1

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ISE Financial Markets And Institutions

ISBN: 9781265561437

8th International Edition

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

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Question Posted: Jul 25, 2024 08:04 AM

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Match these three types of cash balances with the functions that they serve: (LG 12-1) a. Vault

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ISE Financial Markets And Institutions

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