6. Why are bank reserves important to the economy? |

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asked Jan 13, 2021 24.0k views

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Tzipporah · Answer 1 · 2021-01-17T00:25:46+0000

They must be kept on hand in order to meet central bank requirements. It ensures the safety of the nations financial institutions. It also is important so that banks always have some money on hand to prevent a run (the bank runs out of cash)

6. Why are bank reserves important to the economy? |

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