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Which of the following describes allopatric speciation?
Excess Reserves
Funds that banks hold over and above the required reserve ratio set by the central bank, often earning interest.
Checkable Deposits
Bank accounts from which individuals can deposit and withdraw money using checks, ATM transactions, and electronic payments.
Reserve Requirement
The minimum fraction of customer deposits that each bank must hold as reserves, rather than lending out, as mandated by the central bank.
Simple Money Multiplier
A formula that determines the maximum amount of money that banks can create with a given level of reserves.
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