Question

The OCC's Regulation 12 CFR 9.10 requires that cash can be invested (made productive) ___________.

1) promptly, which means daily for most institutions.
2) down to a balance of 1 to100.
3) excluding income cash unless the governing instrument specifically directs that income cash be invested.
4) promptly, down to a balance of 1 to100.

Answer 1

The OCC's Regulation 12 CFR 9.10 requires that cash can be invested promptly, which means daily for most institutions.

Step-by-step explanation:

The OCC's Regulation 12 CFR 9.10 requires that cash can be invested (made productive) promptly, which means daily for most institutions. This means that banks are required to invest their cash reserves quickly and efficiently to generate returns. The regulation does not specify a minimum balance to invest or exclude income cash from being invested.