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The Wickersham Commission occurred in __________________.
M3
A measure of the money supply that includes M2 plus large time deposits, institutional money market funds, and other larger liquid assets.
Reserve Ratio
The fraction of deposits that banks are required to hold in reserve and not lend out, aimed at controlling the money supply and banking stability.
M3
A measure of the money supply that includes M2 (cash, checking deposits, savings deposits, money market securities) plus large time deposits, institutional money market funds, and other large liquid assets.
Small Denomination
Currency or securities that are issued in relatively small monetary amounts, making them more accessible to individual investors or consumers.
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