11-28 Flashcards
1
Q
Bank that receives its charter from the state in which it operates
A
State bank
2
Q
Bank that can lend money to other banks in times of need
A
Central bank
3
Q
Rush by depositors to withdraw their funds from a bank before it failed
A
Bank run
4
Q
Currency that banks hold in their vaults, plus deposits at the Fed
A
Legal reserves
5
Q
Legal reserves beyond the reserve requirement
A
Excess reserves
