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Table 29-5
-Refer to Figure 29-5.If the Fed requires a reserve ratio of 4%,how much in excess reserves does the Bank of Springfield now hold?
Cumulative Voting
Cumulative voting is a voting system that allows shareholders to allocate their votes for the board of directors in a manner they prefer, often used to strengthen the voting power of minority shareholders.
Straight Voting
A voting system for electing directors where shareholders must vote for each board member separately.
Control
The power to influence or direct people's behavior or the course of events, often referring to a dominating command over something or someone.
Cash Dividends
Dividends paid in the form of cash to a company’s shareholders from its current or retained earnings.
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