Editing Transaction deposit (section)

In the [[United States]], '''transaction deposit''' is a term used by the [[Federal Reserve]] for [[checkable deposit]]s and other accounts that can be used directly as cash without withdrawal limits or restrictions. Such [[demand deposit]]s are subject to [[reserve requirement]]s imposed by the central bank that require the bank to keep [[bank reserves|reserves]] at the central bank. This is in contrast to "[[time deposit]]s" ({{aka}} term deposits), which are not subject to reserve requirements.