11 ms·
Tell me, when is the last time you went to the grocery store and they accepted a bank reserve? Bank reserves are useless. https://en.wikipedia.org/wiki/Eurodol
by thehumanmeat 4y ago
Tell me, when is the last time you went to the grocery store and they accepted a bank reserve? Bank reserves are useless.
https://en.wikipedia.org/wiki/Eurodollar https://en.wikipedia.org/wiki/Eurodollar
- simple-thoughts 4y agoPeople downvoting you are clueless. Different assets have different moneyness depending on how they can be used. A credit card limit is more moneylike than bank reserves are.
- plonk 4y agoSaying that "bank reserves are useless" is clueless. This bank needs liquidity and borrowing from the Fed would provide it.