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What Is a Fractional Reserve Banking System? How Long Has

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What is a fractional reserve banking system? How long has the fractional reserve banking system been in existence?


Definitions:

Taft-Hartley Act

A 1947 United States federal law that restricts the activities and power of labor unions.

Right-to-Work Laws

State laws in the United States that prohibit unions from requiring union membership as a condition of employment, aiming to protect workers' freedom to choose.

Exclusive Representative

An entity or person designated as the sole agent to act on behalf of another entity or group in negotiations or other official matters.

Agency Shop Provision

A provision that requires employees to pay union dues or fees even if they choose not to join the union, as a condition of their employment.

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