answersLogoWhite

0


Best Answer

oN iNSURANCE coMPANY PRODUCTS IN California WHAT IS THE COVERAGE BY THE LEGAL RESERVE?

User Avatar

Wiki User

10y ago
This answer is:
User Avatar
More answers
User Avatar

AnswerBot

1d ago

The legal reserve ratio is the minimum percentage of deposits that banks are required to keep in reserve, as mandated by the central bank. The specific ratio varies by country and may change over time based on economic conditions and monetary policy. It is used to ensure banks have enough liquid assets to cover withdrawals and maintain stability in the financial system.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the current legal reserve ratio?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Law

How can a legal researcher be certain that a case that seems to be on point is still current and valid?

A legal researcher can ensure a case is current and valid by checking for any subsequent appeals, citing references in more recent cases or legal texts, and confirming that there have been no changes in relevant laws or regulations since the case was decided. Additionally, using a reputable legal database or platform that provides updated information on cases is recommended.


What does you reserve your legal position mean?

Reserving your legal position means that you are stating that you have legal rights in a particular matter but that you are not immediately taking any action. It allows you to assert your rights at a later time if necessary without waiving them.


When was gold legal to own?

Gold ownership has been legal for individuals in the United States since December 31, 1974, when the ban on private gold ownership was lifted. Prior to that date, private ownership of gold was restricted by the Gold Reserve Act of 1934.


What is kerchief current law?

Kerchief is not a legal term. If you are referring to current laws regarding handkerchiefs, there are no specific laws related to them. They are typically considered personal items and their use is not regulated by law.


In legal terms what is past and present?

In legal terms, "past" refers to events that have already occurred or circumstances that existed in the past. "Present" refers to the current time or circumstances that are ongoing at the moment.