Examlex
List and briefly discuss the two basic components of a computerized accounting information system.
Prime Rate
The interest rate that commercial banks charge their most credit-worthy customers, frequently used as a benchmark in lending rates.
Commercial Banks
Financial institutions that accept deposits, offer various loans, and provide other financial services to the public.
Open Market Operations
Central bank activities involving the buying or selling of government securities to control the money supply and interest rates.
Discount Rate
The interest rate set by central banks that is charged to commercial banks for loans, influencing monetary policy and the money supply.
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