4）Cheque itself is not “money”. it is only the amount of money in the relevant account, which is considered to be “money”.
5）A required reserve ratio is a fraction of the deposits of the public that a bank hold in reserves. that is, the minimum amount of reserves a bank must, by law, keep either in currency or in deposits with the central bank.
6）Money multiplier=1/R来源：考试大
7） M1: the sum of legal tender coins and notes held by the public the customers’ demand deposits placed with licensed bank M2: the sum of M1 customer’s saving and time deposits with licensed banks negotiable certificates of deposits (NCDs) issued by licensed banks held outside the banking sector M3: the sum of M2 customer deposits with restricted license bank (RLB) and deposit-taking companies (DTCs) negotiable certificate of deposits (NCDs) issued by these institutions held outside the banking sector.