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Which of the following contributed to the mass conversion of people living in the Middle East to Islam by the eighth century?
Secondary Reserves
Liquid assets held by financial institutions as backup funds for unforeseen needs, not directly utilized in lending or investment.
Required Reserves
The minimum amount of funds that banks are required to hold in reserve against deposits, as mandated by central banks.
Money Supply
The total amount of monetary assets available in an economy at any given time.
Federal Reserve
The central banking system of the United States, responsible for monetary policy, including regulating interest rates and managing the country's money supply.
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