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Lindsay's misinformation effect experiment, in which participants were given a memory test about a sequence of slides showing a maintenance man stealing money and a computer, showed that participants are influenced by misleading post-event information
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.
Federal Funds Market
A financial market that allows banks to borrow or lend reserves overnight to meet reserve requirements.
Excess Reserves
Assets retained by banks exceeding the compulsory minimum reserves stipulated by central bank regulations.
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