the cash reserves (a percentage of deposits) a bank must keep on hand Match each term with its correct definition by placing the appropriate letter next to the corresponding number.
A. money K. Eurocurrency market B. liquid asset (offshore banking)
C. currency substitution L. international banking D. credit facility E. M1 money supply M. ROSCAS F. transactions account N. hawala G. international reserve O. fractional reserve asset banking system H. international reserve P. required reserves currency Q. excess reserves I. murabaha R. deposit expansion J. Federal Deposit multiplier Insurance Corporation (FDIC)