why do bank maintain cash reserve? 1 mark ans plz
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Answer:
Banks maintain cash reserve because:- 1)to give money to the people who come to withdraw their money as demand deposits;or 2)to seek loan lending activities. 1) To give money to the people who come to withdraw their money at demand deposit. 2) to seek loan lending activities.
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Answer:
They maintain cash reserve for various purposes.
Explanation: To give loans and give interests for deposits.
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