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In the Ethical Communication feature in Chapter 16, the authors note that there are hundreds of potential fallacies that can distort or invalidate persuasive messages. Identify and describe two of the three factors described in this feature that lead to most fallacies.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.
Required Reserve Ratio
A mandated reserve that banks must keep on hand, usually a percentage of their deposits, determined by the central bank to ensure financial stability.
Checkable Deposits
Checkable deposits are bank account balances that depositors can easily withdraw or write checks against at any time, constituting a primary medium of exchange for personal and business transactions.
Required Reserve Ratio
The proportion of depositors' balances banks must have on hand as cash, mandated by the central bank.
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