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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Federal Reserve Board

Definition:

Our nation’s central bank. Acts as a regulator of money supply and is a big driver of interest rates. It was created with three mandates: (1) control inflation; (2) enable full employment; and (3) promote stability within the banking system. It also serves as a lender of last resort to banks.

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