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What is the difference between a screening test and a confirmation test?
Bank Credit
The total amount of borrowing capacity available to an individual or entity from a bank or other financial institutions, enabling the borrower to make purchases or investments.
Reserve Requirement
The minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lending out, set by the central bank.
Demand Deposits
Bank accounts from which money can be withdrawn at any time without any notice to the institution.
Time Deposits
Banking or financial instruments that require the holder to keep the money deposited for a fixed term or period of time, often offering higher interest rates than savings accounts.
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