Examlex
Briefly describe three types of nonsampling errors.
Money Creation
The process by which the money supply of a country is increased through the activities of its central bank and commercial banking system.
Banking System
The network of banks and financial institutions that provide banking services, including deposits, loans, and currency exchange.
Required Reserve Ratio
The minimum percentage of deposits that a bank must hold in reserve and not lend out.
Excess Reserves
Funds that banks hold over and above the required reserve ratio set by the central bank, often earning interest.
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