__________________ Is Not One of the Three Types of Family

question 76

Multiple Choice

__________________ is not one of the three types of family takaful.

• A) Ordinary collaboration
• B) Collaboration based on specific issues
• C) Collaboration with savings
• D) Collaboration based on specific groups

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Definitions:

Reserve Bank

A central banking institution responsible for overseeing the monetary policy, issuing currency, and regulating the banking system of a country.

Required Reserve Ratio

The fraction of deposits that a bank is required by regulation to hold in reserve and not lend out, aiming to ensure bank liquidity and stability.

Money Supply

The total amount of monetary assets available in an economy at any specific time, including cash, coins, and balances held in checking and savings accounts.

Required Reserve Ratio

is the fraction of deposits that banks are required to keep on hand as reserves, rather than loaning them out.