Any reserves that banks hold in excess of required reserves are called
A) excess reserves.
B) margin reserves.
C) federal reserves.
D) surplus reserves.

Question

Quizplus · Accepted Answer

Excess reserves are reserves that banks hold in excess of required reserves. This means that they have more reserves than they are required to hold by law. These excess reserves can be used for lending, investing, or other purposes.

Any Reserves That Banks Hold in Excess of Required Reserves