Bank reserves include:

a. High quality (i.e., AAA-rated) loans.
b. Vault cash and deposits at the central bank.
c. Tellers, who are trained and ready to work in case of a general bank strike.
d. Government bonds, high-quality (e.g., AAA) corporate stocks, and cash in circulation.
e. Checking deposits and borrowings from the central bank.


.B

Economics

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Economics