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Reserve Ratio
The fraction of deposits that banks are required to keep on hand as reserves, either in their vaults or with the central bank, to ensure liquidity.
Goldsmith's Receipts
Goldsmith's Receipts were historically issued by goldsmiths in the form of promissory notes against the gold deposited with them, leading to the development of banking.
NOW Accounts
Interest-earning banking accounts that permit writing checks against the deposited funds.
Interest-Bearing
Pertaining to financial instruments or accounts that generate interest income over time for the holder, such as bonds or savings accounts.
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