... 交投活跃 閊 brisk trading 缴存准备金 蟥 to deposit required reserves 结构扭曲 莅 structural distortion ...
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The money to buy foreign bonds has come from the reserves required that commercial banks must deposit with the central bank.
购买海外债券的钱来自于商业银行必须存于央行的储备金。
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Instead, banks have accumulated reserves far in excess of the amount required to back their deposit liabilities.
FORBES: Why Inflation Worries Are Overblown
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