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Define the discount rate,and explain how it can be used as a tool for the conduct of monetary policy.
Advantages
The favorable positions or superiorities that an entity has over its competitors.
Disadvantages
The negative aspects or conditions that reduce effectiveness, efficiency, or desirability.
Bond Features
Characteristics or provisions of a bond issue, such as maturity date, interest rate, and redemption options.
Characteristics
Features or qualities that identify and distinguish an object, individual, or concept from others.
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