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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Fractional Reserve Banking |
Banks keep only a fraction of their outstanding deposits as cash in reserve against these deposits |
Bank owes more money than it can pay out at short notice |
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Cash reserve |
Cash held by fractional Reserve bank in order to fulfil its potential cash obligations due to its deposit liabilities. |
Bank reserve |
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Free Reserves |
Reserve which a bank can afford to lose without jeopardising it's ability to pay back its deposits or other obligations should they arise |
Romeo wa nkolota situation |
