Examlex
________ is the armor individuals, businesses, and nonprofit organizations use to protect themselves from various financial risks.
Checkable Deposits
are bank accounts that allow the account holder to write checks to third parties. Checkable deposits include checking accounts and are considered very liquid.
Reserves
Funds or physical resources set aside, often by businesses or governments, to meet future expenses, emergencies, or for specific purposes.
Reserve Ratio
The fraction of deposits that a bank is required to hold in reserve and not lend out, as mandated by the central bank.
Goldsmith's Receipts
Historical documents representing deposits made with goldsmiths that evolved into a form of early banking, where receipts functioned as proof of money or valuables deposited for safekeeping.
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