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Central Bank
An institution that manages a state's currency, money supply, and interest rates.
Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and maintenance of financial stability.
Check Clearing
The process by which money is transferred from the checking accounts of the writers of checks to the checking accounts of the recipients of the checks.
Insuring Bank Deposits
A government or independent institution's act of providing a guarantee to bank depositors that their deposits will be protected up to a certain limit in the event of a bank failure.
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