Excess Reserves in a Bank Are the Difference Between Required

question 324

True/False

Excess reserves in a bank are the difference between required reserves and the bank's total net worth.

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Definitions:

Quasi-Contract

A legal concept where a court imposes a contract-like obligation on a party to avoid unjust enrichment, even though no actual agreement exists.

Unjust Enrichment

A legal principle that prohibits one person from being unjustly enriched at the expense of another, often requiring restitution to the aggrieved party.

Valid Yet Unenforceable

A legal term for an agreement that meets all the requirements to be valid but cannot be enforced in a court of law due to certain limitations.

Express Contract

A contract in which all the terms are clearly set forth in either written or spoken words.