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Which of the following has the same intent as a cracker, but does not have the technical skills and knowledge?
Federal Reserve
The primary banking authority in the United States, tasked with overseeing monetary policy, managing bank regulation, and maintaining financial system stability.
Money Multiplier
The amount of money the banking system generates with each dollar of reserves.
Reserve Ratio
The fraction of deposits that banks hold as reserves.
Debit Card
A payment card that deducts money directly from a consumer’s checking account to pay for a purchase, unlike credit cards that borrow funds that need to be repaid.
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