Examlex
A characteristic that first shows up in the formal operational stage is ______.
Destroyed Money
The process of physically eliminating money from circulation, typically by central banks, to manage a currency's supply.
Check Clearing
The process by which banks settle transactions by transferring money from the check writer's account to the recipient's account.
Federal Funds Rate
The interest rate at which banks lend reserve balances to other banks overnight, on an uncollateralized basis.
Discount Rate
The interest rate charged by central banks for short-term loans to commercial banks.
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