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Describe how actual reserves are calculated and explain the difference between desired reserves and unplanned reserves. How do reserves affect the amount of loans a bank can make?
English And French
Languages that are widely spoken globally, originating from England and France, respectively, and serving as official languages in numerous countries.
Mayflower Compact
An agreement reached by the Pilgrims on the Mayflower in 1620, which established a rudimentary form of democracy and self-government for their new settlement in Plymouth.
Chosen Officials
Public servants or government representatives who have been selected or elected to their positions by a voting process or appointment.
John Winthrop
A prominent figure in early American history, serving as the Governor of the Massachusetts Bay Colony, noted for his vision of the colony as a "City upon a Hill."
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