Name and Distinguish Between the Three Types of Reserves Held

question 14

Essay

Name and distinguish between the three types of reserves held by banks.

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Definitions:

Industrial-Medical Revolution

A term not commonly used, implying significant advancements and transformative changes in the fields of industry and medicine, possibly indicating a period of rapid development in these areas.

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a person, group, or society.

Hunter-Gatherers

Societies or groups of people who subsist by hunting, fishing, and gathering wild foods, rather than farming or domesticating animals.

Environmental Impact

The effect human activities have on the environment, including natural resources, wildlife, and ecosystems.