Examlex
Which of the following terms can be used to describe unsystematic risk?
I.asset-specific risk
II.diversifiable risk
III.market risk
IV.unique risk
Fiat Money
Currency that a government has declared to be legal tender, despite it not having intrinsic value or being backed by physical reserves such as gold or silver.
T-Account
A graphical representation of a general ledger account that highlights the debit and credit sides.
Required Reserve Ratio
The fraction of deposits that regulators require a bank to hold in reserve and not lend out.
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.
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