Which of the Following Amendments to the U

question 84

Multiple Choice

Which of the following amendments to the U.S. Constitution contains the Due Process, Equal Protection, and Privileges and Immunities Clauses?

• A) the Twelfth Amendment
• B) the Thirteenth Amendment
• C) the Fourteenth Amendment
• D) the Fifteenth Amendment

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Definitions:

Demand Deposits

Bank accounts that allow the holder to withdraw funds without advance notice, such as checking accounts.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against specified deposit liabilities, as dictated by the central bank's regulations.

Primary Reserves

Liquid assets held by financial institutions to meet regulatory requirements and immediate liquidity needs.

Secondary Reserves

Assets that are easily convertible into cash but are not held in the form of cash itself, serving as a backup for primary reserves in financial institutions.