Reserve is having supply until needed, or "money in hand". The US dollar (USD) as the Federal Reserve Note (FRN) is good for all debts public and private serving as debt as opposed to anything in the direction of a reserve.
You are viewing a single comment's thread from:
Except we do not settle in USD using banknotes.
Herein is where the Fed is not really a bank. They do not do broad market money.