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cfa level I economics page 39 q2

cfa level I economics page 39 q2

the amount of new money that can be created by  a commercial bank is most likely limited by the amount of that bank's

a.actual reserves

b.excess reserves;

c.required reserves.

the answer is b,why not c?

who can interpret it for me ?thanks.

excess reserve 在这里看来不能翻译为超额储备?而是剩余储备?

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