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An example of direct observables is
New York Stock Exchange
A leading global financial exchange where stocks and other securities are bought and sold, located in New York City.
Excess Reserves
The reserves that banks hold over and above the regulatory requirements set by the central bank, often seen as a liquidity buffer.
Reserve Requirement
The reserve requirement is a central bank regulation that sets the minimum amount of reserves that must be held by a commercial bank, usually as a percentage of the bank's deposits.
Lend Out
Refers to the act of providing something, usually money, to someone with the expectation that it will eventually be returned, often with interest.
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