Examlex
Ricardo's theory of comparative advantage is a static theory that does not consider changes in international competitiveness over the long run.
Excess Reserves
The funds that banks hold over and above the legal requirement set by a central bank or banking regulator.
Commercial Bank
A firm that engages in the business of banking, accepting deposits, offering checking accounts, and making loans.
Deposit Expansion Multiplier
A ratio that measures the potential increase in money supply from an initial deposit through the banking system's ability to lend and create money.
Reserve Requirement
The minimum amount of reserves a bank must hold against its deposits, as mandated by monetary authorities, to ensure banking stability.
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