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Rishi Nayer
on Dec 16, 2024

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The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Federal Reserve the authority to establish a reserve requirement for all financial institutions.

Dodd-Frank Wall Street Reform and Consumer Protection Act

A comprehensive piece of financial reform legislation passed in 2010 in response to the financial crisis, aimed at reducing risk in the U.S. financial system.

Reserve Requirement

The Reserve Requirement is a central bank regulation that sets the minimum amount of reserves each bank must hold to customer deposits and notes.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, pension funds, investment companies, and credit unions, facilitating the flow of money in the economy.

  • Comprehend how financial instruments and changes in regulations affect the banking sector and economic health.
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michael combrinkDec 16, 2024
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