Federal reserve use transaction deposit for the account directly for cash without any limitation or restriction for withdrawal. This system is done in U.S. They want their bank to keep reserved at central bank and this is also called bank deposit which is contrast to time deposits.TRANSACTION DEPOSIT
Federal reserve use transaction deposit for the account directly for cash without any limitation or restriction for withdrawal. This system is done in U.S. They want their bank to keep reserved at central bank and this is also called bank deposit which is contrast to time deposits.
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