Excess reserves are the amount by which total reserves exceed required reserves.

Name: Excess reserves are the amount by which total reserves exceed required reserves.
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Quizplus · Accepted Answer

This statement correctly defines excess reserves as the difference between total reserves (all the funds held by a bank in reserve, including required reserves and any additional reserves) and required reserves (the minimum amount of reserves that a bank is required to hold by law).

Excess Reserves Are the Amount by Which Total Reserves Exceed