Write True or False to the Statements Below

question 16

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-Among the countries of East Asia, Confucian philosophy had the LEAST influence in Taiwan.

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Definitions:

Banking System

The network of financial institutions that provide banking services, including accepting deposits, providing loans, and managing payment systems.

Fractional Reserve Banking

A banking system where banks hold only a fraction of the deposits as reserves, using the remainder for loans and advances.

Federal Reserve

The central banking system of the United States, which oversees the country's monetary policy, regulates banks, maintains financial stability, and provides financial services to the government.

Bank Failures

Occurrences where banks are unable to meet their obligations to depositors or become insolvent, often leading to a loss of public confidence and financial instability.