Examlex
Projecting that it might temporarily fall short of legally required reserves in the coming days, the Bank of Beano decides to borrow money from its regional Federal Reserve Bank.The interest rate on the loan is called the
Checking Account
A bank account that allows for the deposit and withdrawal of funds, typically using checks, debit cards, and electronic transfers, intended for daily transactions.
Cashier's Check
A check issued by a bank or financial institution, guaranteed by the bank itself, used for making large payments where the payee requires assurance of payment.
Certified Check
A certified check is a type of check for which the issuing bank guarantees the availability of funds by verifying that enough money exists in the check writer's account to cover the check.
Written Order
A formal, documented directive given by a court, employer, or another authoritative entity.
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