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In the banking system today, the reserves banks hold against their deposit liabilities must take one of two forms. They are
Mechanisms
The underlying processes or systems that explain how something works or operates, often used in scientific and psychological contexts.
Piagetian
relating to the theories and work of Jean Piaget, a Swiss psychologist known for his studies on cognitive development in children.
Information-Processing Theorist
A person who studies how humans process information, focusing on mechanisms such as perception, memory, and problem-solving.
Child Development
The physical, cognitive, social, and emotional growth that occurs from infancy through childhood and into adolescence.
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