When a bank holds far more than its required reserves, the extra is ca…

Question

When a bank holds far more than its required reserves, the extra is called:

Accepted Answer

D. Excess reserves

1. A minimum must be held by rule.
2. Anything above that is spare.
3. That spare is excess reserves.
_Source: OpenStax Principles of Macroeconomics 3e, Chapter 14, Money and Banking._

Answer

Excise reserves

Answer

Exchange reserves

Answer

Exempt reserves

When a bank holds far more than its required reserves, the extra is called:

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