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When Bad Storms Slow the Check-Clearing Process,float Tends to ________

question 62

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When bad storms slow the check-clearing process,float tends to ________ causing the Fed to initiate defensive open market ________.


Definitions:

Implied Authority

A form of authority of an agent that is not explicitly stated but is assumed to be granted as part of the agent's duties.

Winding Up

The process of closing down a company by settling its liabilities and distributing any remaining assets to its shareholders.

Converting Assets

The process of changing assets from one form to another, often from non-liquid assets into cash or cash equivalents.

Confession Of Judgment

A legal agreement in which a debtor consents to a judgment against them, allowing the creditor to obtain a judgment without undergoing the standard court process.

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