Examlex
What is meant by the term "lender of last resort"? In what circumstances might the Bank of Canada be a lender of last resort?
Replenishes
Refers to the process of filling up or restoring inventory or supplies to their optimal levels.
Optimal
The most favorable condition or level of efficiency that a system, selection, or outcome can achieve under given constraints.
Collection Float
The time interval between when a payment is deposited and when funds become available in the company’s account, affecting cash flow.
Cheques
Written, dated and signed instruments that direct a bank to pay a specific sum of money to the bearer.
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