tanh clc

It is responsible for providing its nation’s economy with funds when commercial banks cannot cover a supply shortage.

• share-draft account

• A “NOW” account

• The lender of last resort

• A time deposit

The foremost monetary institution in a market economy, often owned by the government.

• The central bank

• The lender of last resort

• The reserve requirement

• Open market operations

The entire stock of currency and other liquid instruments circulating in a country’s economy as of a particular time.

• The money supply

• A “NOW” account

• Trust account

• A demand deposit

The percentage of the bank’s deposits that the central bank requires other banks to keep as a reserve.

• The reserve requirement

• The central bank

• The money supply

• Trust account

A version of a checking account, offered by a credit union instead of a bank.

• A share-draft account

• Open market operations

• The money supply

• A “NOW” account

An interest-earning bank account with which a customer is permitted to write drafts against money held on deposit.

• A time deposit

• A “NOW” account

• A demand deposit

• Trust account

The buying and selling of government securities in order to expand or contract the amount of money in the banking system.

• Open market operations

• A time deposit

• The central bank

• The lender of last resort

A savings account established under a trust agreement whereby a trustee administers the funds for the benefit of one or more beneficiaries.

• Trust account

• A time deposit

• The central bank

• The reserve requirement

An account from which deposited funds can be withdrawn at any time from the depository institution.

• A demand deposit

• A time deposit

• The central bank

• The lender of last resort

An interest-bearing bank deposit account that has a specified date of maturity, such as a savings account or certificate of deposit (CD).

• A time deposit

• The lender of last resort

• The money supply

• A “NOW” account