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You have been running a successful art and framing shop for three years.You have decided to allow others to use your business name, materials, and methods in operating their own business for a fee.You are going to enter a
Excess Reserves
Excess reserves are the capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank, or other financial authority.
Opportunity Cost
Missing out on potential opportunities from different choices when opting for a single alternative.
Holding Money
The act of keeping money in cash or in very liquid assets to facilitate transactions or as a precaution against uncertainties.
Interest Rate
The percentage charged on borrowed money or paid to savers, representing the cost of borrowing or the return on savings.
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