Excess reserves (超额准备金 chāo é zhǔnbèi jīn) refers to the cash held by a bank or financial institution that exceeds the reserve requirement set by the authority.
- 超(chāo) as in super (超级 chāojí) or exceed (超过 chāoguò).
- 额 (é) as in face value (面额 miàné) or forehead (额头 étóu).
- 准 (zhǔn) as in approving (批准 pīzhǔn) or being on time (准时 zhǔnshí).
- 备 (bèi) as in spare (备用 bèiyòng) or possessing (具备 jùbèi).
- 金 (jīn) as in cash (现金 xiànjīn) or gold (金子 jīnzī).
Excess reserves (超额准备金 chāo é zhǔnbèi jīn) word examples:
- Interest rate on required reserves (IORR rate) (法定准备金利率 fǎdìng zhǔnbèijīn lìlǜ).
- Excess reserves of depository institutions (存款机构超额准备金 cúnkuǎnjīgòu chāoé zhǔnbèijīn).