Examlex
Which of the following is an argument against free trade?
Central Bank
The main financial institution of a country, which regulates the money supply and interest rates and oversees the banking system.
1913
A year notable for several key historical events, including the ratification of the 16th Amendment to the U.S. Constitution, introducing the federal income tax.
Excess Reserves
Banks' reserves that exceed the minimum reserve requirements set by central banking authorities, indicating additional liquidity.
Actual Reserves
The total amount of funds that a bank has held in reserve, both required and excess, to meet its liabilities.
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