Difference between revisions of "Reserves"
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | 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. | :[[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. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 19:14, 2 July 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.
According to Macroeconomics by Mankiw (7th edition),
- Reserves. The money that banks have received from depositors but have not used to make loans.
