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Predict the major product for the following reaction.
Required Reserves
The minimum amount of funds that a bank must hold in reserve against deposit account liabilities, as mandated by the central bank, to ensure bank liquidity.
Demand Deposits
Bank accounts that allow the holder to withdraw funds without advance notice, such as checking accounts.
Required Reserves
The minimum amount of funds that a bank must hold in reserve against specified deposit liabilities, as dictated by the central bank's regulations.
Primary Reserves
Liquid assets held by financial institutions to meet regulatory requirements and immediate liquidity needs.
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