Any reserves beyond what is required are called

Name: Any reserves beyond what is required are called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Excess reserves are reserves held by banks beyond the required amount. These reserves can be used for lending or investing, and can contribute to economic growth. Required reserves are the minimum amount of reserves that a bank is required to hold by law. Secondary reserves and bank capital are not related to reserves held by banks.

Any Reserves Beyond What Is Required Are Called