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+++ b/doc/system/taler/design.tex
@@ -149,7 +149,7 @@ customers that lost their reserve private key to eventually recover their
funds. If a wire transfer to the exchange does not include a valid reserve public key,
the exchange transfers the money back to the sender.
-Figure~\ref{fig:reserve:state} illustrates the state machine for a reserve.
+Figure~\ref{fig:reserve:states} illustrates the state machine for a reserve.
Long-terms states are shown in boxes, while actions are in circles. The final
state is in a double-circle. A reserve is first {\em filled} by a wire
transfer. The amount in it is reduced by withdraw operations. If the balance