A banker opens a vault door.

A banker opens a vault door.

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History

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Hard

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The video tutorial explains the percentage of reserves that banks are required to keep against deposits. These reserves can be held in the banks' own vaults or deposited with the Federal Reserve Bank in their district. This requirement is crucial for maintaining financial stability and ensuring that banks have enough liquidity to meet customer demands.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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