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Which of the following statements is true regarding employee recognition?
Reserves
Funds or assets set aside to meet future liabilities, unexpected costs, or potential financial obligations.
Reserve Requirement
The minimum amount of reserves a bank must hold against deposits, set by central banks to ensure bank liquidity and stability.
Deposits
Funds placed in a bank account that can be withdrawn by the account holder, typically used for safekeeping or to earn interest.
Money Supply
The total amount of money in circulation or in existence within a country, including cash and deposits.
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