Examlex
The board responsibility to "obedience" means that the board must do what the CEO asks them to do.
Excess Reserves
Bank reserves exceeding the reserve requirements set by the central bank, available for lending.
Reserve Requirements
Rules established by central banks that specify the lowest reserve amount that banks are required to maintain against customer deposits.
Checking Accounts
Bank accounts on which the account holder can draw checks against the money deposited.
Time Deposits
Banking or financial accounts that hold funds for a fixed period, during which the depositor cannot access their money without incurring a penalty.
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