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Calvin considers factors such as strategy and audience demographics to make sure that his client's advertising budgets are spent wisely and in line with SMART objectives. Calvin's job is likely a __________.
Actual Reserves
The total amount of funds that a bank has in its reserve account plus any cash on hand, used to satisfy central bank requirements and handle withdrawals.
Excess Reserves
Bank reserves exceeding the reserve requirements set by the central bank, available for lending.
Reserve Requirements
Rules established by central banks that specify the lowest reserve amount that banks are required to maintain against customer deposits.
Checking Accounts
Bank accounts on which the account holder can draw checks against the money deposited.
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