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Banding Is a Procedure Whereby Applicants Who Score in Different

question 55

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Banding is a procedure whereby applicants who score in different score ranges or bands are considered to have scored equivalently.


Definitions:

Federal Reserve Board

Governs the Federal Reserve System, the central banking system of the United States, and oversees the nation's money supply and banking industry.

Money Laundering

The illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to be earned legally.

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