Examlex
The phrase "the modernization of mortality" refers to __________.
Reserve Ratio
The fraction of deposits a bank must hold in reserve and not lend out, as dictated by central banking regulations.
Monetary Multiplier
A mechanism that describes the increase in aggregate production and income that results from an injection of spending.
Secondary Reserves
Assets that are not immediately liquid but can be quickly converted into cash without significant loss, serving as a secondary buffer for financial institutions.
Legal Reserve Requirement
The minimum amount of reserves a financial institution must hold against deposits, as mandated by regulatory authorities, to ensure liquidity.
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