Examlex
Which of the following is a major finding from the ENCODE project?
Money Multiplier
The amount of money the banking system generates with each dollar of reserves.
Reserve Ratio
The fraction of deposits that banks hold as reserves.
Debit Card
A payment card that deducts money directly from a consumer’s checking account to pay for a purchase, unlike credit cards that borrow funds that need to be repaid.
Credit Card
A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the holder's promise to pay for them later.
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