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Explain what the correlation coefficient is.
Thrift Institutions
Financial organizations focused on savings and mortgage lending, including savings and loan associations, credit unions, and savings banks.
Commercial Banks
Financial institutions that offer a wide range of services including deposit accounts, loans, and other financial products to businesses and consumers.
Contractionary Monetary Policy
To fight inflation, the Federal Reserve decreases the money supply.
Balance of Trade
This is the difference between the value of a country's exports and the value of its imports over a certain period, reflecting a trade surplus or deficit.
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