交易存款就是活期存款和其他支票存款之和。
Transactions deposits are simply demand deposits plus other checkable deposits.
因此，储备对于银行至关重要，因为这是其他各种“广泛”货币——经常性帐户(支票)，银行计息存款等等——的基础。
So bank reserves matter because they are the foundation for other, "broader" kinds of money-current (checking) accounts, interest-bearing deposits and so on.
无论第一阶段实际上银行存款流向其他银行，还是借贷方的所有支票或部分支票再次存入这些银行，在放大过程中都不会产生影响。
Whether Stage 1 banks actually do lose the depositsto other banks or whether any or all of the borrowers' checksare redeposited in these same banksmakes no difference in the expansion process.
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