Examlex
Simplify the expression and write the answer without negative exponents.
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Excess Reserves
are the funds that banks hold over and above the required minimum reserves mandated by the central bank.
Federal Reserve Banks
Part of the central banking system of the United States, responsible for implementing monetary policy, providing financial services, and supervising and regulating banks.
Depository Institutions
Financial institutions such as banks and credit unions that accept deposits from individuals and provide loans.
Commercial Banks
Financial institutions that accept deposits, offer various loans, and provide other financial services to individuals and businesses.
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