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A correctional official is reviewing the files of a newly convicted offender named Joe.Joe was already serving a life-sentence for murder in a state correctional facility.While serving his sentence, Joe killed another inmate and seriously injured a prison guard.Based on the circumstances, the official decides that Joe should be housed in an institution with the highest level of security, so he assigns the inmate to a supermax facility.What type of prison classification category is being used to classify the inmate?
Contractionary Monetary Policy
A monetary policy strategy used by central banks to reduce inflation and cool an overheating economy, typically involving increasing interest rates and reducing the money supply.
Discount Rate
The fee in the form of an interest rate that commercial banks and similar depository organizations incur when they obtain loans from the lending establishment of their regional Federal Reserve Bank.
Required Reserve Ratio
The percentage of deposits that banks must hold in reserve and not lend out to ensure liquidity.
Transfer Payments
Financial distributions by the government to individuals without any expectation of a good or service being provided in return.
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