Reserves held by Canadian banks represent ________ percent of the value of all demand deposits.

Name: Reserves held by Canadian banks represent ________ percent of the value of all demand deposits.
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Canadian banks are only required to hold a small fraction of the value of all demand deposits as reserves, which is less than 1 percent. This means that the majority of the deposits are available for lending and other activities that generate revenue for the banks.

Reserves Held by Canadian Banks Represent ________ Percent of the Value