A Political System in Which Political Power Is Monopolized by a Party,group

question 144

Multiple Choice

A political system in which political power is monopolized by a party,group or individual that governs according to religious principles is referred to as:

• A)theocratic totalitarianism.
• B)communist totalitarianism.
• C)right-wing totalitarianism.
• D)tribal totalitarianism.

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Definitions:

Total Reserves

The total amount of funds or assets that a bank or financial institution has set aside to meet unexpected liabilities, requirements, or future obligations.

Vault Cash

Physical money, including coins and paper currency, that banks and other financial institutions hold in their vaults as part of their reserves.

Reserve Deposits

Reserve Deposits are funds that commercial banks hold in reserve, either in their vaults or deposited with a central bank, to meet regulatory requirements and ensure liquidity.

Federal Reserve Bank

The central banking system of the United States, responsible for managing the country's monetary policy and regulating its financial institutions.