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Required Reserve Ratio
The proportion of depositors' balances banks must have on hand as cash, mandated by the central bank.
Excess Reserves
The reserves held by banks that are greater than the minimum amounts required by regulators, which can be lent out or invested.
Checkable Deposits
Bank account balances that can be withdrawn on demand using checks or electronic methods.
Money Supply
Refers to the total amount of money available in an economy at a particular point in time, including cash and deposits.
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