Multiple Choice
The term daylight overdraft refers to a situation in which an FI's:
A) reserve account at the central bank is negative at the end of a banking day
B) reserve account at the central bank is negative at the beginning of a banking day
C) reserve account at the central bank becomes negative within the banking day
D) account with another FI becomes negative within the banking day
Correct Answer:
Verified
Correct Answer:
Verified
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