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| the federal Reserve system is the central banking system of the United states | |
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| A� board of governors� is a several-member group that oversees or manages the running of an institution | |
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| A fractional reserve banking system is A� banking� system in which only a fraction of� bank� deposits are backed by actual cash-on-hand and are available for withdrawal | |
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| Monetary policy� is one of the ways that the U.S. government attempts to control the economy | |
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| Open market operations� are the principal tools of monetary policy | |
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| The� reserve requirement � is a central bank regulation employed by most, but not all, of the world's central banks, that sets the minimum fraction of customer deposits and notes that ea | |
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