Instead, Canada's paper currency stock, like the U.S. stock, consisted mainly of
commercial banknotes.
Throughout the history of banking, and despite laws that have suppressed
commercial banknotes while often imposing minimum (but never maximum) reserve ratios on banks, bank reserves have generally constituted a very modest part of banks» total assets, and therefore a modest amount compared to their their total liabilities.
Not exact matches
Cash,
banknotes and coins, central bank reserves,
commercial bank monies are the ones that we need to know of.
A bank clerk counts Chinese yuan
banknotes at a branch of Industrial and
Commercial Bank of China in Huaibei, Anhui province, June 8, 2012.