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Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring financial stability.
Commercial Banks
Commercial banks are financial institutions that accept deposits, offer checking account services, and make loans to individuals and businesses.
Reserve Requirements
Regulations set by central banks determining the minimum amount of reserves that must be held by a commercial bank.
Checkable Deposit Liabilities
These are bank account deposits that are immediately available to make payments and transfers, typically seen in checking accounts.
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