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What are the various functions performed by the promoter of a corporation?
Reserve Requirement
The mandate by central banks determining the minimum amount of reserves that must be held by a commercial bank, directly affecting the bank's capacity to lend.
Excess Reserves
The capital reserves held by a bank or financial institution in excess of what is required by regulators, laws, or internal controls.
Discount Rate
The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.
Minting Coins
The process of manufacturing coins as a form of currency, typically by a government or authorized agency.
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