Examlex
Discuss how an agent's authority may be terminated, as well as the effect of such termination.
Secondary Reserves
Liquid assets that can quickly be converted into cash but are not held as compulsory reserves by a financial institution.
Components
The individual parts or elements that make up a larger object or system.
Borrowed Reserves
Funds that commercial banks borrow from the central bank, often used to meet reserve requirements or to manage liquidity.
Federal Reserve System
The principal banking organization in the United States tasked with handling monetary policy.
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