Examlex
Use DeMorganʹs laws or a truth table to determine whether the two statements are equivalent.
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Required Reserves
The minimum amount of funds that a bank is required to hold in reserve against deposits, as mandated by central banking regulations.
Demand Deposits
Bank accounts that allow the holder to withdraw funds without prior notice, such as checking accounts.
Time Deposits
Savings accounts or certificates of deposit that hold a fixed sum of money for a specified period of time, during which the depositor cannot withdraw the funds without penalty.
Required Reserves
The minimum amount of reserves a bank must hold as mandated by regulatory authorities, based on a percentage of the bank's deposit liabilities.
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