Although the central banker didn't say so, this may ultimately compel him to resort increasingly to managing
Question:
a. What are excess cash reserves?
b. Why are they called "the stuff from which banks create loans"?
c. How would the central bank manage these excess reserves?
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a The reserves vault cash and Fed eral Reserve deposits that banks have over and above what they are required by government to keep to back up deposit...View the full answer
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Question Posted:
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