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What Is the Official Reserves Account (ORA), and Why Is

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What is the Official Reserves Account (ORA), and why is it more important for countries under a fixed exchange rate regime than for ones under a floating exchange rate regime?


Definitions:

Radial Pulses

The pulse felt at the wrist where the radial artery runs, commonly used to measure heart rate.

Toddler

A child aged roughly between 1 and 3 years, characterized by rapid development in mobility and cognitive skills.

Newborn

An infant who is within hours, days, or up to a few weeks old.

Pulse Pressure

The difference between systolic and diastolic blood pressures, indicating the force that the heart generates each time it contracts.

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