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Why and when did dual federalism transform into cooperative federalism?
Federal Reserve
The central bank of the United States, responsible for setting monetary policy, regulating banks, and ensuring the stability of the financial system.
Money Supply
The total amount of monetary assets available in an economy at a specific time, including cash and bank deposits.
Total Reserves
The sum of a bank's deposits held at the central bank and the cash physically held in the bank's vault.
Required Reserves
The minimum amount of reserves that a bank must hold as mandated by the central bank or regulatory authority, usually a percentage of the bank's deposit liabilities.
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