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Total banking system reserves equal $58.65 billion. The total banking system checkable deposits subject to reserve requirements are $510 billion. The required reserves are $51 billion. What is the required reserve rate, and what is the excess reserve rate?
Exclusive Jurisdiction
A legal authority of a particular court to be the only court to hear a specific case or type of case, precluding others.
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A provision in a contract specifying which jurisdiction's laws will be applied in interpreting the contract and resolving any disputes.
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