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In the fractional reserve system, banks must hold, with the Fed, reserves equal to a certain percentage of their deposits.
Touch Screen
An input device that allows users to interact with electronic devices by touching the screen with a finger or stylus.
Local Account
A user account that is created and managed on an individual computer, allowing access and permissions specific to that single system.
Cloud
A computing paradigm that allows for the storing and accessing of data and computing services over the internet rather than on a personal computer or local server.
Sync
The process of ensuring that information in two or more locations is updated simultaneously.
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