Examlex
The synchronizer, or synchro, allows two gears spinning at different speeds to mesh without clashing.
Interest Rates
The cost of borrowing money or the return for investing money, typically expressed as a percentage of the principal amount.
Multiplier Effect
The proportional amount of increase in final income that results from an injection of spending.
Reserve Requirement
The minimum amount of reserves that banks must hold against deposits, as mandated by central banking authorities to ensure bank liquidity.
Federal Reserve
The central banking system of the United States, responsible for monetary policy, financial regulation, and stability.
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