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A sleepy driver rounds a bend and sees a deer standing in the road. The driver snaps to attention and applies the brakes, averting the accident, because his brain was aroused by the
Reserve Ratio
The reserve ratio is the fraction of depositors' balances banks must have on hand as cash, a regulatory requirement set by central banks.
National Charters
Official permissions granted by a government allowing the creation or operation of national banks and defining their powers.
Banking
The business conducted or services offered by a bank, such as lending, receiving deposits, and managing financial transactions.
Traveler's Checks
Traveler's Checks are preprinted, fixed-amount checks designed to allow the person signing them to make payments or exchange them for cash while traveling, offering a secure alternative to carrying cash.
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