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After starting a web design company while still in college,Ricardo sold the company after graduation.He then opened a computer repair shop;and most recently,he has started a marketing firm that specializes in social media.Ricardo is an example of a(n) :
Depository Institutions
Financial institutions that accept deposits from the public and offer lending and other financial services.
Legal Reserve Requirements
Regulations that require banks to keep a certain percentage of their deposits in reserve, either in cash on hand or as deposits with a central bank, to ensure liquidity.
Face Value
The nominal or original value stated on a coin, banknote, security, or any other financial instrument, without accounting for inflation, interest, or any other market factors.
Interest Rate
The percentage at which interest is paid by borrowers for the use of money they borrow from a lender.
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