Examlex
Differentiation refers to the dependence of one unit on another for materials, resources, or information.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.
Required Reserve Ratio
A mandated reserve that banks must keep on hand, usually a percentage of their deposits, determined by the central bank to ensure financial stability.
Checkable Deposits
Checkable deposits are bank account balances that depositors can easily withdraw or write checks against at any time, constituting a primary medium of exchange for personal and business transactions.
Required Reserve Ratio
The proportion of depositors' balances banks must have on hand as cash, mandated by the central bank.
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