wk.11 L2

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4 Terms

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Fractional Reserve Banking System

Under such a system, banks are required to hold only a specified fraction of each depositor's money. The rest can be lent out, thus creating money.


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Federal Reserve


The central bank of the United States. Also called the Fed. Its main function is controlling the money supply through monetary policy. (See also Monetary policy.)

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Reserve Requirements


Reserve requirements are the portions of deposits that banks must maintain either in their vaults or on deposit at a Federal Reserve Bank.


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