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Figure 16-2
The inheritance pattern demonstrated by the pedigree in accompanying figure is:
Reserve Requirement
A regulation set by central banks that determines the minimum amount of reserves a bank must hold against deposits, influencing the bank's capacity to lend.
Fed
Short for the Federal Reserve System, which is the central banking system of the United States responsible for setting monetary policy.
Federal Reserve
The central banking system of the United States, which regulates the U.S. monetary and financial system.
Clearing of Checks
The process by which banks exchange checks or drafts drawn on each other and settle the differences to facilitate the actual transaction the check represents.
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