Examlex
The wavelength of the light from a certain laser is 0.66 microns, Where 1 micron=1.0x10-6m. What is this wavelength in nanometers? (1 nm = 10-9m)
Required Reserve Ratio
The fraction of deposits that banks are required to keep on hand and not loan out, used by central banks to control the amount of money in circulation.
Legal Reserves
Reserves that depository institutions are allowed by law to claim as reserves; vault cash and deposits held at Federal Reserve district banks.
Excess Reserves
Excess Reserves are the reserves that banks hold over and above the legal or required minimum they need to keep against deposits.
Open Market Purchase
A monetary policy operation where a central bank buys government securities from the market in order to inject liquidity and encourage lending and investment.
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