What replaced the required reserve ratio, Microeconomics

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What replaced the required reserve ratio

Problem

In March 2020 the Federal Reserve lowered the required reserve ratio to 0% and it remains there today. Yet even without the safety net of required reserves, banks remain strong and are operating normally. Why? What replaced the required reserve ratio?

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Microeconomics: What replaced the required reserve ratio

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Microeconomics: What replaced the required reserve ratio

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