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Key Terms:
fractional reserve
banking system, goldsmith banking, balance sheet
(T-account), assets, liabilities, assets of a
commercial bank, liabilities of a commercial bank,
reserves (total reserves or actual reserves),
reserve ratio, required reserves, excess reserves
(lendable reserves), demand deposit, check
clearing, money multiplier (deposit expansion
multiplier, monetary multiplier), government
securities or bonds, net worth (owner's equity),
run on a bank (bank run)
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