Examlex
How do firms and households interact within the context of the circular flow model?
Non-Local Check
A bank check drawn on any bank that is not local to the area where it is being presented for payment.
Depositary Bank
A financial institution that holds assets or securities for safekeeping on behalf of depositors.
Federal Reserve Bank
A part of the Federal Reserve System, which is the central banking system of the United States, responsible for implementing the country's monetary policy.
Recurring Charge
A recurring charge is a periodic fee charged automatically to an account for ongoing services or subscriptions.
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