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default

its not default it is Fractional Banking Reserve


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12y ago

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Continue Learning about Math & Arithmetic

The accumulation of funds over time where previous interest earned remains in the account to earn additional interest is called?

compounding interest.... i think


Does gfebs supports funds control with a 24-hour delay?

Yes, GFEBs (General Fund Enterprise Business System) supports funds control, but there can be a 24-hour delay in the availability of funds data due to processing times. This delay may affect real-time decision-making for financial transactions. Users should account for this lag when planning budgetary actions or financial reporting.


What is independent subtreasury?

The independent subtreasury refers to a financial system or institution that operates separately from the central banking system, managing its own funds and resources. This model allows for greater autonomy in fiscal policy and financial management, often aimed at reducing reliance on traditional banking systems. In the context of U.S. history, the term is notably associated with the 19th-century proposal by the Democratic Party to establish a system for managing government funds independently of private banks. This approach was intended to promote economic stability and reduce the influence of commercial banks on government finances.


What is eftpos function?

EFTPOS (Electronic Funds Transfer at Point Of Sale) is a payment system that allows customers to make electronic payments using their debit or credit cards at retail locations. It facilitates real-time transactions by connecting point-of-sale terminals to the customer's bank, enabling direct transfer of funds. This system enhances transaction speed and security, providing a convenient alternative to cash payments. Additionally, EFTPOS can support various payment methods, including contactless and mobile payments.


What is cft?

Credit Funds Transfer