Examlex
Which of the following statements about the rights and obligations of public-sector employees is NOT correct?
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Are funds placed into an account at a financial institution, creating a balance that can earn interest or be withdrawn for use.
Reserve Ratio
The fraction of depositors' balances that banks have to hold in reserve and not lend out.
Deposit Liabilities
The amounts of money that banks owe to their depositors, stemming from the bank accounts like savings, checking, and time deposits.
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