Examlex
In the simplified letter format, commas follow both the salutation and the complimentary close.
Excess Reserves
Assets retained by banks exceeding the compulsory minimum reserves stipulated by central bank regulations.
Deposits
Money placed into a financial institution for safekeeping, which can earn interest over time depending on the type of account.
Reserves
Assets kept on hand by a bank, company, or government to meet future liabilities, emergencies, or regulatory requirements.
Easy Money Policy
A monetary policy that increases the money supply and lowers interest rates, aimed at stimulating economic growth.
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