Difference between revisions of "Reserves"
(Created page with "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 (3r...") |
(No difference)
|
Revision as of 19:56, 2 June 2020
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.