Examlex
Explain three legal excuses and three justifications for crime and provide an example of each.
Medium of Exchange
A mediating tool or mechanism designed to ease the process of buying, selling, or exchanging products among individuals or entities.
Federal Reserve
The primary banking authority in the United States, tasked with setting monetary policy, supervising banking institutions, ensuring the stability of the financial system, and delivering financial services.
Bank Failures
The circumstance where a bank fails to meet its obligations to its depositors or creditors, leading to its insolvency or being shut down by regulatory agencies.
Excess Reserves
The reserves held by banks over and above the legally mandated minimum to meet potential withdrawals by customers.
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