Examlex
What is the correct term for people who live in long-term care facilities?
Required Reserves
The minimum amount of funds a bank must hold in reserve against deposit liabilities, as mandated by regulatory authorities.
Required Reserve Ratio
The fraction of deposits that banks are required to keep on hand and not loan out, used by central banks to control the amount of money in circulation.
Legal Reserves
Reserves that depository institutions are allowed by law to claim as reserves; vault cash and deposits held at Federal Reserve district banks.
Excess Reserves
Excess Reserves are the reserves that banks hold over and above the legal or required minimum they need to keep against deposits.
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