The cash reserves that commercial banks are legally required to keep are held in the form of at the South African Reserve Bank, where they earn no interest.

Question

The cash reserves that commercial banks are legally required to keep are held in the form of at the South African Reserve Bank, where they earn no interest.
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Solution 1

Claro, aquí tienes la respuesta paso a paso:

  1. Identificación del tema: La pregunta se refiere a las reservas de efectivo que los bancos comerciales están legalmente obligados a mantener.

  2. Lugar de almacenamiento: Estas reservas se mantienen en el Banco de la Reserva de Sudáfrica.

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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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