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An excellent teacher who covers material of average difficulty and grades on an absolute scale introduces:
Checking Deposits
Deposits held in bank accounts from which funds can be withdrawn without notice using checks, debit cards, or electronic transfers.
Loans
Money or items of value provided to a borrower with the expectation of future repayment plus interest.
Federal Funds Market
A financial market that allows banks to borrow and lend excess reserves to one another, usually overnight, at an interest rate called the federal funds rate.
Short-Term Loans
Short-term loans are borrowing options designed to be repaid within a short period, typically less than a year, used by individuals or businesses for immediate financial needs.
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