All States Recognize Spousal Competence to Testify Against One's Spouse

question 52

True/False

All states recognize spousal competence to testify against one's spouse, but the federal government does not.

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Definitions:

Simple Money Multiplier

A formula that determines the maximum amount of money that banks can create with a given level of reserves.

Excess Reserves

Banks' reserves that exceed the minimum required by the central bank, available for lending or investment.

Interest Rate

The price, expressed as a percentage of the principal, that a borrower must pay a lender for the use of funds.

Excess Reserves

are bank reserves held in excess of what is required by the central bank, which can be lent out to earn interest.