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The liberal position is that:
Checking Accounts
Bank accounts that allow for both deposits and withdrawals, enabling easy access for daily transactions.
Government Bond
A debt security issued by a government to support government spending and obligations, offering a fixed rate of interest over a period of time.
Reserves
Funds or commodities set aside for future use or held as a buffer against unforeseen shortages or financial emergencies.
Discount Rate
The interest rate charged by central banks on loans to commercial banks, influencing monetary policy and liquidity.
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