Exact(2)
The military buys about $1.2 billion of prescription and nonprescription drugs every year, he said, and needs reserves in the event of a war.
In addition, it needs reserves for exigencies beyond normal transactions.
Similar(6)
On the other hand, the Loader does not have as stringent performance requirement as the Roader does but still needs reserved resource to guarantee data freshness.
Banks don't lend reserves, and they don't need reserves in order to lend.
The former have to match their liabilities which are bond-like; the latter need reserves.
So the government does not need reserves to prop up the exchange rate.
The rules meant Standard Life needed reserves to cover investments that promise guaranteed bonus levels.
That means that companies either deliberately overstated or understated needed reserves, or they found significant errors, he said.
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