Economics of banking full summary: Book, Lectures, Tutorials Questions and Answer 2023

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Balance Sheet - -is a statement that shows an individual's or a firm's financial position on a particular day. -Asset - -is something of value that an individual or a firm owns; in particular, a fi... nancial claim. -Liability - -is something that an individual or a firm owes, particularly a financial claim on an individual or a firm. -Bank Capital - -is the difference between the value of a bank's assets and the value of its liabilities; also called shareholders' equity -Checkable Deposits - -(or transaction deposits) are accounts against which depositors can write checks. -Federal Deposit Insurance - -is a government guarantee of deposit account balances up to $250,000. -Reserves - -are bank assets consisting of vault cash plus bank deposits with the Federal Reserve. -Vault Cash - -is cash on hand in a bank (including currency in ATMs and deposits with other banks). [Show More]

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