100 - 100% Reserve Banking System - A system in which banks...

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100% Reserve Banking System - A system in which banks must keep all deposits on hand and ready for withdrawal. Assets - Cash, stocks, bonds, and physical goods that are stores of wealth and value. Balance Sheet - An accounting tool where assets and liabilities are compared side by side. Borrowers - Individuals who take out loans from banks. Currency - Money, either fiat or commodity, that is commonly used in an economy. Demand Deposits - Deposits made by in banks that can be withdrawn at any time--that is, on demand. Deposits - Money given to banks for safekeeping and to earn interest. Federal Deposit Insurance Corporation - A corporation that insures individual bank accounts up to $100,000 to ensure that the public is confident in the banking system. Federal Funds Interest Rate - The discount interest rate at which the branch banks of the Fed loan money to other banks. Federal reserve - The federal group that controls the money supply though monetary policy and fiscal policy. Federal Reserve Banks
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100 - 100% Reserve Banking System - A system in which banks...

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