Reserves

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Reserves are funds that a bank keeps on hand and that are not loaned out or invested in bonds.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Reserves. Funds that a bank keeps on hand and that are not loaned out or invested in bonds.

According to Macroeconomics by Mankiw (7th edition),

Reserves. The money that banks have received from depositors but have not used to make loans.

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