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The specific gravity is unitless
Banking Act
Legislation that regulates the operation of banks, establishes banking practices, and ensures the stability and integrity of the banking system.
Reserve Requirements
Central bank regulations that set the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lend or invest.
Checking Accounts
Bank accounts that allow for easy access to funds through checks, debit cards, and electronic transfers, used for daily transactions.
Open Market Operations
Central bank activities involving buying and selling government securities in the marketplace to influence the money supply and interest rates.
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