Examlex
The legal ability to enter into a binding agreement is known as what?
Discount Rate
The fee in the form of an interest rate that commercial banks and similar depository organizations incur when they obtain loans from the lending establishment of their regional Federal Reserve Bank.
Required Reserve Ratio
The percentage of deposits that banks must hold in reserve and not lend out to ensure liquidity.
Transfer Payments
Financial distributions by the government to individuals without any expectation of a good or service being provided in return.
Government Securities
Financial instruments issued by a government to borrow money from investors with a promise to pay back with interest.
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