Examlex
Suppose a bank has a desired reserve requirement ratio of 12 percent. If someone deposits $1,000 in the bank,
Credit Item
An entry that increases the balance in a bank account or financial statement, signifying an inflow of funds.
American Car
Refers to automobiles manufactured by companies based in the United States, known for their significant contribution to the automotive industry.
Current Account
A component of a country's balance of payments that includes the balance of trade, net income from abroad, and net current transfers.
Double-Entry Bookkeeping
An accounting practice that ensures every transaction affects two accounts, maintaining the balance of the accounting equation.
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