school hours should be short. Students have a limited amount of power in school, which is one of the main reasons for cutting classes. Students feel as though schools try to contain them and that they are not able to be themselves.
(a) Fiscal reserves is not a back-up asset, but represents the total amount of resources that the Government can use on a day-to-day basis. The level of reserves reflects the Government's entire cash balance. Fiscal reserves serves to meet our day-to-day operational expenses and public works expenditures.
Required reserves are the amount of reserves a bank is required to hold by law, while excess reserves are funds held by the bank that exceed the minimum level of required reserves. You can calculate excess reserves by subtracting the required reserves from the legal reserves held by the bank.