Examlex
Choose the one most appropriate response for each.
-Prophase
Reserve Requirement
The minimum amount of reserves a bank must hold against its deposits, as mandated by monetary authorities, to ensure banking stability.
Recession
An episode of provisional economic downturn, during which industrial and commercial activities decrease, customarily identified by a GDP drop in two consecutive quarters.
Money Supply
The sum of all financial resources present in an economy at a given moment, encompassing currency, deposits in banks, and other assets that can be quickly converted into cash.
Federal Reserve
The principal banking authority in the United States, responsible for overseeing the nation's financial and monetary systems.
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