Table 11-3. -Refer to Table 11-3. the Reserve Ratio for This Bank

question 134

Multiple Choice

Table 11-3.

-Refer to Table 11-3. The reserve ratio for this bank is

• A) 0 percent.
• B) 20 percent.
• C) 80 percent.
• D) 100 percent.

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Definitions:

Substantial Performance

A principle in contract law that allows a contracting party to be considered as having fulfilled its obligations, so long as the crucial elements of the contract have been completed, even if minor details are unfinished.

Nominal Performance

A minimal or token action that barely meets the terms of a contract, often used to avoid breaching the agreement.

Substitution

In law or economics, the act of replacing one party or element of a contract with another.

Rescission

The act of canceling or annulling a contract, returning the parties involved to their positions prior to the agreement.