| http://www.w3.org/ns/prov#value | - For a bank, a reserve account is a transactions account, and currency can be withdrawn from that account in the same way that you withdraw cash from the ATM. Thus, in contrast to T-bills, interest-bearing reserves can be converted into an asset that can be used in retail transactions.Therefore, the more reserves that the Fed floods the financial system with, the more potential there is for inflati
|