Examlex
Explain the doctrine of respondeat superior and how it applies to a principal's liability.
Reserve Ratio
The portion of depositors' balances that banks must have on hand as cash, a regulatory requirement meant to ensure bank stability and liquidity.
Total Deposits
The sum of all money that is deposited in a bank's accounts by its customers.
Commercial Banks
Depository institutions that historically made short-term loans primarily to businesses.
Loans
Borrowed sums of money that need to be repaid with interest over a predetermined period.
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