Term
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Definition
| The banking act of recieving deposits, paying intereset, and making loans. |
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Term
| Fractional Reserve Banking |
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Definition
| The bank posesses a fraction of the funds needed to repay all deposits |
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Term
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Definition
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Term
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Definition
| The role the bank plays in economic activity of receiving deposits and making loans. They are the intermediary between the deposit and the loan. |
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Term
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Definition
The amount of money the bank is required to have on hand as a ratio of what is owed to depositors.
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Term
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Definition
Too many dollars chasing too few goods
or
More money chasing the same volume of goods |
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Term
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Definition
| the act, process, or an instance of diminishing |
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Term
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Definition
| a public official who audits government accounts and sometimes certifies expenditures |
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Term
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Definition
| money (as paper currency) not convertible into coin or specie of equivalent value |
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