Examlex
What does the acronym POP stand for?
Federal Funds
The reserve balances that commercial banks hold at their regional Federal Reserve Bank, often lent overnight to other banks to help meet reserve requirements.
Functional Competition
Refers to competition among businesses that offer different goods or services that meet the same customer need or desire.
Direct Competition
Businesses or products that target the same customers and satisfy the same needs.
Lateral Competition
Competition between companies that offer the same or similar goods or services within the same industry.
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