If the credit card issuer applied the payment to the interest-bearing balance first, the customer would pay less interest overall.
如果信用卡发行人能够优先冲减有息债务,消费者支付的利息总额将大大减少。
2
So bank reserves matter because they are the foundation for other, "broader" kinds of money-current (checking) accounts, interest-bearing deposits and so on.
Instead, put that money into an interest-bearing acount that will buy you the freedom you'll need five years down the road when it's time for a change.