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An increase in the wage rate causes
Reserves
Funds or physical resources set aside, often by businesses or governments, to meet future expenses, emergencies, or for specific purposes.
Reserve Ratio
The fraction of deposits that a bank is required to hold in reserve and not lend out, as mandated by the central bank.
Goldsmith's Receipts
Historical documents representing deposits made with goldsmiths that evolved into a form of early banking, where receipts functioned as proof of money or valuables deposited for safekeeping.
Money Supply
The aggregate amount of monetary assets available within a country, encompassing notes, coins, and digital balances, influencing an economy's inflation and interest rates.
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