Ordinarily Doing, or Promising to Do What One Is Already

question 13

True/False

Ordinarily doing, or promising to do what one is already under a legal obligation to do, is not legal consideration.

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Definitions:

Reserves Interest

Interest earned on reserves held by banks at the central bank, influencing monetary policy and banking operations.

Government Securities

Financial instruments issued by a government to raise funds from investors, typically featuring lower risk and fixed interest payments.

Discount Rate

The interest rate charged by central banks to commercial banks for short-term loans.

Expansionary policy

Economic policies aimed at increasing the supply of money or reducing taxation to stimulate economic growth, typically undertaken during a recession.