The Reserve Requirement Is

question 34

Multiple Choice

The reserve requirement is:

• A)the regulation that sets the minimum fraction of deposits banks must hold in reserve.
• B)the dollar amount of cash banks must keep on hand and not loan out.
• C)currently set at $2 million for most banks.
• D)None of these is true.

Recognize the significance of referents in definitions.

Identify predictors and causes of juvenile delinquency and youth violence.

Understand the categories of disclosure and their relevance to adolescent issues.

Recognize the significance of peer relationships in adolescence, including cliques and friendship selection.

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Definitions:

Duress

The use of force, false imprisonment, threats, or psychological pressure to compel someone to act against their will or interest.

Rescission

Rescission is the act of invalidating a contract, returning the parties involved to their positions prior to the agreement, under circumstances such as misrepresentation or fraud.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.

Void Ab Initio

A term meaning "void from the beginning," indicating that a contract or agreement was invalid from the start.