Examlex
Discuss the advantages of a time-based ABC system.
Checking Account
A bank account that allows the account holder to access funds, make payments, and manage transactions with ease.
Excess Reserves
Bank reserves in excess of the required minimum, which can be lent out or invested.
Total Reserves
The sum of all deposits, including cash, bank deposits, and investable assets, held by a financial institution or country.
Required Reserves
The minimum amount of reserves a bank must hold, as mandated by regulatory bodies, based on a percentage of the bank's deposit liabilities.
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