Examlex
Explain the difference between a 'floating exchange rate', a 'managed float' and a 'fixed exchange rate'.
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Excess Reserves
The capital reserves held by a bank or financial institution in excess of what is required by regulators, central bank or other governing bodies.
Ten Principles of Economics
A foundational concept in economics that outlines the basic principles guiding economic decisions and behaviors, such as scarcity, cost, and efficiency.
Fed
The Federal Reserve System, the central banking system of the United States, which regulates the U.S. monetary and financial system.
Lender of Last Resort
An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are facing financial difficulty or are considered highly risky.
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