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1. Under a reserve system, banks must keep a portion of their in their vault. 2. The reserve is the percentage of every deposit that
1. Under a reserve system, banks must keep a portion of their in their vault. 2. The reserve is the percentage of every deposit that must be set aside as reserves. 3. A_ bank reserve is the deposit kept by member banks at the to satisfy reserve requirements. 4. The reserves are the amount of cash, currency, and reserves a bank has that are not needed for requirements
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
