--%>
Assignment Help - homework help

Chartered banks

Why do chartered banks kept reserves? 

E

Expert

Verified

Reserves are assets of chartered banks since these funds are cash belonging to them; they are a claim the chartered banks have against the Bank of Canada.

   Related Questions in Finance Basics

  • Q : Describe matching principle of working

    Describe matching principle of working capital financing? Explain the benefits of following this principle? The matching principle is while short-term financing is utilized for temporary current assets while long-term financing is utilized for

    		•
  • Q : Explain LBO-risks for equity investors

    Explain LBO? Describe risks for the equity investors and also describe potential rewards? A leveraged buyout is purchase of publicly owned corporation through a small group of investors by using a large amount of borrowed money. The risks for

    		•
  • Q : Financial strategy describe the sales

    describe the sales forecasting process ?

    		•
  • Q : Finance Assignment # 4 Can you please

    Can you please Help me with this Assignment the due date is 1/20/14 at 6pm

    		•
  • Q : Which ratios would banker is most

    Which ratios would banker is most interested while considering whether to approve an application for short-term business loan? Describe.Bankers and other lenders employ liquidity ratios to distinguish whether to extend short-term credit to a fir

    		•
  • Q : Define Budget Year Budget Year (BY) :

    Budget Year (BY): The next state fiscal year, starting July 1 and ending June 30, for which the Governor's Budget is proposed (that is, the year following the present fiscal year).

    		•
  • Q : Global Economic Crises during 2007-2008

    Describe Global Economic Crises during 2007-2008 ?

    		•
  • Q : Label equilibrium price P-equilibrium

    Normal 0 false false

    		•
  • Q : Define Reversion Reversion : The return

    Reversion: The return of the unused part of an appropriation to the fund from which the appropriation was made, usually two years (that is, four years for federal funds) after the last day of an appropriation’s accessibility period. The Budget A

    		•
  • Q : Define Fund Balance Fund Balance : For

    Fund Balance: For accounting aims, the excess of a fund’s assets over its liabilities. And for budgeting aims, the surplus of a fund’s resources over its expenses.

    		•