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Congress approves all appointments to federal courts, but the courts still provide a check on Congress. What power do the federal courts have over Congress?
Money Multiplier
A concept that describes the amount of money that banks can generate with each dollar of reserves.
Percent
A mathematical term describing one hundredth of a particular quantity; a unit of proportion or rate expressed as a fraction of 100.
Reserves
Funds or assets that banks must hold either in their own vaults or on deposit with a central bank, to meet expected withdrawal demands or regulatory requirements.
Reserve Requirement
A regulation that sets the minimum fraction of customer deposits and notes that each bank must hold as reserves, rather than loaning out or investing.
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