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________ teams are groups of employees who perform highly related or interdependent jobs and take on many of the responsibilities of their former supervisors.
Interest Rates
The cost of borrowing money or the return for investing, typically expressed as a percentage of the principal, varying over time based on economic conditions.
Deposit Expansion Multiplier
The ratio that measures the potential increase in total deposits in the banking system generated from an increase in primary deposits.
Excess Reserves
Funds that banks hold over and above the required reserve ratio set by a central banking authority, often for safety or emergency purposes.
Reserve Requirements
The minimum amount of reserves that a bank must hold as mandated by a central bank, affecting the bank's ability to lend.
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