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Which of the Following Terms Refers to the Percentage of Its

question 52

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Which of the following terms refers to the percentage of its deposits a bank must hold,in cash or on deposit,with a Federal Reserve bank?


Definitions:

Institutionalized

The process of embedding something, such as a concept, practice, or societal norm, into an organization, social system, or society as a whole.

Void

A legal term indicating that a contract or action is invalid and has no legal effect.

Emancipation

The termination of a parent’s right to control a child and receive services and wages from him or her.

Formal Agreement

A legally binding contract or document that explicitly outlines the terms and conditions agreed upon by the parties.

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