Examlex
Who articulated the doctrine of nullification before the Civil War?
Fed
The central banking system in the United States, known as the Federal Reserve System, is in charge of managing the country's monetary policy.
Open Market
A marketplace that is open to all participants and where goods, securities, currencies, and other items can be bought and sold.
Simple Money Multiplier
A formula used to determine the maximum amount of money that can be created by a bank's deposits under a fractional reserve banking system.
Required Reserve Ratio
The fraction of deposits that banks are legally mandated to keep as reserves and not lend out.
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