Examlex
Given: Answer the following questions by supplying either the medical abbreviation or the interpretation of the medical abbreviation.
-IV PB
Federal Reserve System
The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.
Money In Circulation
The total amount of physical currency and coin that is in the general public's hands and the vaults of financial institutions.
Tax Loopholes
Provisions or gaps in tax legislation that allow individuals and corporations to legally reduce their tax liabilities through various means not fully intended by the lawmakers.
Taxable Income
The portion of an individual or entity's income used as the basis for calculating the amount of tax they owe to the government, after allowed deductions and exemptions.
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