A(n)___________ Is a Computer Hobbyist or Professional,generally with Advanced Programming

question 35

Short Answer

A(n)___________ is a computer hobbyist or professional,generally with advanced programming skills.This skill has taken on a sinister connotation,referring to hobbyists who are bent on illegally accessing the computers of others or who attempt to demonstrate their technological prowess through computerized acts of vandalism.

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Definitions:

Legal Reserve Ratio

The minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lend out, often set by central banks.

Reserve Requirement

A regulation that sets the minimum reserves each bank must hold to customer deposits and notes, intended to ensure bank liquidity and financial stability.

Excess Reserves

Funds held by banks over and above the legally mandated requirements to back deposits.

Demand Deposits

Bank accounts from which deposited funds can be withdrawn at any time without any notice to the bank, such as checking accounts.