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Explain How the Memory "Sin" of Persistence Can Affect People

question 33

Essay

Explain how the memory "sin" of persistence can affect people in minor and major ways. Provide at least two examples of unwanted memory persistence.


Definitions:

Fractional Reserve Banking

A banking system where banks hold a fraction of deposits as reserves and use the rest for lending purposes.

Total Deposits

The sum of all money deposited in a bank by its customers.

Total Reserves

The sum of a bank's deposits held in reserve at a central bank plus its cash on hand, used to satisfy demand for withdrawals or to meet regulatory requirements.

Interstate Banking

The practice or system allowing banks to operate branches and offer services in more than one state, previously restricted in the U.S.

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