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A child, riding on a large merry-go-round, travels a distance of 3000 m in a circle of diameter 40 m.The total angle through which she revolves is:
Excess Reserves
Funds held by banks over and above the legally mandated requirements to back deposits.
Demand Deposits
Bank accounts from which deposited funds can be withdrawn at any time without any notice to the bank, such as checking accounts.
Federal Reserve Board
The governing body of the Federal Reserve System, responsible for overseeing the United States' central bank policies, including regulating banks and setting interest rates.
Federal Open Market Committee
The branch of the Federal Reserve System responsible for setting monetary policy, including influencing interest rates and controlling the money supply.
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