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How do product development and marketing affect a firm in monopolistic competition?
Bank Reserves
The portion of deposits that banks are required to hold either in cash in their vaults or on deposit with a central bank, as a precaution to ensure bank liquidity.
Reserve Requirement
The minimum amount of reserves that a bank is required to hold by law as a percentage of its deposits, used by central banks to control the money supply.
Open Market Sale
The selling of government bonds and securities in the open market to decrease the money supply.
Money Supply
The whole of economic resources in an economy, represented by cash, coins, and checking and savings accounts' balances, at a given time.
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