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While It Is Clear That the Internet Is Having an Impact

question 206

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While it is clear that the Internet is having an impact on education, schools should consider changing their curricula to include specific instruction in a key skill for deriving value from the Internet, specifically


Definitions:

Required Reserve Ratio

The fraction of deposits that a bank is mandated by regulations to hold in reserve and not loan out.

Excess Reserves

The amount of reserves that a bank holds beyond the required minimum, which can be loaned out to generate earnings.

Open Market Operations

A monetary policy tool used by central banks to control the money supply by buying or selling government securities in the open market.

Reserve Requirement Ratio

The fraction of deposits which a bank is mandated to hold in reserve, either in its own vaults or with the central bank, rather than lending to consumers.

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