Examlex
Consider the permutations method from the textbook, which is intended to return all permutations of the word passed in as a parameter.What special cases for the simplest values are used by the permutations method to terminate the recursion?
Reserve Requirement
The fraction of deposits that banks are required to hold in reserve and not lend out, which is used by central banks as a tool to control the money supply.
Deposits
Funds placed into an account at a banking institution for safekeeping and potential interest accrual.
Reserve Ratio
The reserve ratio is the fraction of deposits that a bank is required to hold in reserve and not lend out, set by the central bank to control the money supply.
Money Multiplier
A concept that describes the amount of money that banks can generate with each dollar of reserves.
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