FA Retail Banking Practice Questions - Financial Academy Retail Banking Foundations Professional Exam (Saudi Arabia) Exam

Besides the statutory deposit, what additional liquidity reserve must banks maintain under the Banking Control Law?

A liquidity reserve equal to 100% of demand deposits only A liquidity reserve of not less than 15% of deposit liabilities in cash, gold, or assets convertible to cash within 30 days A liquidity reserve held only in foreign currency No liquidity reserve is required if the statutory deposit is met

Correct Answer:

A liquidity reserve of not less than 15% of deposit liabilities in cash, gold, or assets convertible to cash within 30 days

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