Examlex
A work cell is required to make 200 computerized diagnostic assemblies (for installation into hybrid automobiles)each day.The cell currently works an eight hour shift,of which seven hours is available for productive work.What is takt time for this cell?
Recession
An episode of provisional economic downturn, during which industrial and commercial activities decrease, customarily identified by a GDP drop in two consecutive quarters.
Money Supply
The sum of all financial resources present in an economy at a given moment, encompassing currency, deposits in banks, and other assets that can be quickly converted into cash.
Federal Reserve
The principal banking authority in the United States, responsible for overseeing the nation's financial and monetary systems.
Reserve Requirement
The reserve requirement is a central banking regulation that sets the minimum amount of reserves that must be held by a commercial bank, not to be loaned out, to ensure bank liquidity and stability.
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