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What Is Direct-To-Consumer Advertising, and What Are the Advantages and Disadvantages

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What is direct-to-consumer advertising, and what are the advantages and disadvantages of DTCA?


Definitions:

1913

A year notable for several key historical events, including the ratification of the 16th Amendment to the U.S. Constitution, introducing the federal income tax.

Excess Reserves

Banks' reserves that exceed the minimum reserve requirements set by central banking authorities, indicating additional liquidity.

Actual Reserves

The total amount of funds that a bank has held in reserve, both required and excess, to meet its liabilities.

Required Reserves

Minimum vault cash or reserves; held at the Federal Reserve District Bank.

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