Key Terms Instructions: Please Define the Following Key Terms. Show Who

question 104

Short Answer

Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
War Communism

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Definitions:

Money

An economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy.

Reserve Requirement

The minimum amount of reserves that banks must hold, either in their vaults or with the central bank, as a proportion of deposits.

Excess Reserves

The surplus funds that banks hold over the required minimum set by the central bank to meet unexpected withdrawals.

Deposits

Funds stored in a bank or similar entity for security purposes that have the potential to accrue interest as time passes.