Examlex
Which of the following statements about Francis J.Grimké is LEAST accurate?
Checkable Deposits
Refers to deposits in bank accounts from which individuals can write checks or use debit cards to make purchases directly.
Required Reserves
The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by central banking regulations.
Money Supply
Refers to the total amount of money—cash, coins, and balances held in checking and savings accounts—available within an economy at a specific time.
Deposits
Are funds placed into an account at a financial institution, creating a balance that can earn interest or be withdrawn for use.
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