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Descartes believed all of the following except
Time Deposits
A type of bank deposit that has a specified time of maturity and typically offers a higher interest rate than a savings account, with penalties for early withdrawal.
Reserve Requirements
Reserve requirements refer to the amount of funds that a bank must hold in reserve against deposits made by customers, set by central banks to ensure liquidity.
Excess Reserves
The amount of reserves that a bank holds beyond the required minimum, often held in the central bank to lend to other banks or as currency in circulation.
Required Reserves
The minimum amount of funds that a bank is required to hold in reserve against deposits, as mandated by central banking regulations.
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