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What Is a good reason to have a financial reserve that's larger than normal?
Most companies are not all-cash businesses. A financial reserve will give the company a clear picture over their financial situation.
What are important aspects of cash flow management?
Cash flow management includes having a reserve on hand. A reserve will help the business remain operational if they experience financial problems.
What is the cash reserve ratio in India?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What is cash reserve ratio or CRR?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
Can you cash a reserve bank of australia cheque and get cash straight away?
No. I think you used to be able to years ago, but if you take a reserve bank cheque to the bank it takes around three business days if you're lucky.
Who is the primary consumer of the cash crops of tropical countries?
The primary consumers of the cash crops of tropical countries are European countries. Most of these cash crops are exported to them.
What are free reserves under companies act 1956?
investment allowance reserve, capital reserve received in cash, security premium received in cash,capital redemption reserve,
Currency of which country is the reserve currency of most countries?
USA is richest country
Formula for calculating cash debosit ratio?
cash reserve ratio
What is the journal entry to record a reserve?
Debit reserve accountCredit cash / bank
What is current cash reserve ratio?
The current cash reserve ratio (CRR) in India set by the RBI is 5% as on 21st august, 2009.
What happen to cash money?
The money will be absorbed by the Federal Reserve into its cash reserves
Are banks permitted to lend all their reserves?
No. They can lend only a % of their total cash reserves. It depends on the Cash Reserve Ratio and Liquidity Ratios set by the Central Banks (Reserve Bank, Federal Reserve etc)
The amounts of cash that individual banks have on hand or on deposit at the Federal Reserve Bank are known as .?
Reserve
The amounts of cash that individual banks have on hand or on deposit at the Federal Reserve Bank are known as?
Reserve
What Is a good reason to have a financial reserve that's larger than normal?
Most companies are not all-cash businesses. A financial reserve will give the company a clear picture over their financial situation.
What is the current Cash Reserve Ratio in India?
7%
