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Classify each item in the following table as reserves, required reserves or excess reserves. Item Reserves Required reserves Excess reserves Bank deposits at the Fed
Classify each item in the following table as reserves, required reserves or excess reserves. Item Reserves Required reserves Excess reserves Bank deposits at the Fed plus vault cash Any reserves held beyond the required amount The difference between (total) reserves and required reserves The minimum dollar amount of reserves a bank must hold against its checkable deposits, as mandated by the Fed
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