required reserve
The minimum amount of money, as required by the Federal Reserve Board, that a bank must hold in the form of vault cash and deposits with regional Federal Reserve Banks. [Cases: Banks and Banking 351¨C359. C.J.S. Banks and Banking ¡ì¡ì 650¨C662, 676¨C678, 682¨C687, 746.]
What is the Chinese interpretation of required reserve?
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