Cash reserve

If the question asks us to find the liquidity requirements, would you have to include the cash reserve?

I would say, yes. See CFAI Exam 2013 Q1

The 2013 CFAI Exam Q1 corrects it as if it is acceptable to remove it AND not remove it from investable assets. There are two possible answers.

I kept it in the investable assets.

I, therefore, am on the side of not removing cash reserve from investable assets unless explicitely stated.

I always mention “potential need for an emergency cash reserve”