Examlex
Which of the following would not be classified as a contra account?
Checkable Deposits
Bank accounts that allow the account holder to write checks or use debit cards to make payments directly from the account.
New Reserves
Resources or assets that have been newly discovered or identified, often referring to natural resources like oil, gas, or minerals that can be economically extracted.
Reserve Requirement Ratio
The fraction of deposits that banks must hold in reserve and not lend out, as mandated by the central bank.
Checkable Deposits
Bank account balances that can be withdrawn on demand using checks or electronic payment methods without any advance notice.
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