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An ideal transformer consists of a 500-turn primary coil and a 2000-turn secondary coil. If the current in the secondary is 3.0 A, what is the current in the primary?
Reserve-Requirement Ratio
The fraction of deposits that banks are required by law to keep on hand as reserves or at the central bank.
Monetary Policy
Actions undertaken by a central bank to control the money supply and interest rates in the economy.
Deposit Expansion Multiplier
A ratio that measures the potential increase in total bank deposits that can result from an initial deposit, based on the reserve requirement ratio.
Government Securities
Financial instruments issued by the government to borrow money from investors that usually come with a promised set of future payments.
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