Reserves held beyond the required amount are called __________ reserves.

Name: Reserves held beyond the required amount are called __________ reserves.
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Excess reserves are reserves held beyond the required amount, which banks can use for lending or investment purposes. Redundant and surplus reserves are not commonly used terms in banking, while precautionary reserves are reserves held by banks to mitigate any unexpected losses or withdrawals.

Reserves Held Beyond the Required Amount Are Called __________ Reserves