An ___________Is Defined as a Persistent Mental State of Readiness

question 45

Short Answer

An ___________is defined as a persistent mental state of readiness to feel and behave in a favorable or unfavorable way toward a specific person, object or idea.

---

Definitions:

Banking System

The network of financial institutions that provide banking services, including accepting deposits, providing loans, and managing payment systems.

Fractional Reserve Banking

A banking system where banks hold only a fraction of the deposits as reserves, using the remainder for loans and advances.

Federal Reserve

The central banking system of the United States, which oversees the country's monetary policy, regulates banks, maintains financial stability, and provides financial services to the government.

Bank Failures

Occurrences where banks are unable to meet their obligations to depositors or become insolvent, often leading to a loss of public confidence and financial instability.