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{All-Nighter Narrative} Of those who stayed up all night before the midterm,what percentage did well on the midterm?
Open Market Purchase
A monetary policy tool where the central bank buys government securities from the market in order to expand the money supply.
Money Supply
The total financial assets present within an economy, inclusive of cash, coins, and the amounts present in checking and savings accounts, at a certain point.
Reserve Requirement Ratio
The fraction of deposits that banks are required to hold in reserve, either in their vaults or with the central bank, not used for loans.
Checkable Deposits
Deposits in bank accounts that can be withdrawn using checks, debit cards, or digital transactions, comprising a significant part of the money supply.
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