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Evolution can best be defined as
Credit Option
An agreement that gives the buyer the right, but not the obligation, to borrow funds or extend credit under specified conditions.
M3
M3 is a measure of the money supply that includes M2 (cash, checking deposits, and easily convertible near money) plus large time deposits, institutional money market funds, and larger liquid assets.
Reserve Ratio
A regulation set by central banks determining the minimum amount of reserves that must be held by a commercial bank, expressed as a percentage of the bank's total deposits.
Money Supply
The complete collection of monetary funds in an economy, including cash, coins, and the balances in checking and savings accounts, at a given moment.
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