Examlex
Independent variables are thought of as ______.
Excess Reserves
Banks' reserves that exceed the minimum reserve requirements set by central banking authorities, indicating additional liquidity.
Actual Reserves
The total amount of funds that a bank has held in reserve, both required and excess, to meet its liabilities.
Required Reserves
Minimum vault cash or reserves; held at the Federal Reserve District Bank.
Federal Open Market Committee
The branch of the Federal Reserve System that is responsible for setting the direction of monetary policy by buying and selling government securities.
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