Examlex
Additional explanations for elements of the table or anything that is not displayed within the body of the table or the source explanation are called what?
Great Depression
The Great Depression was a severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment, deflation, and widespread poverty, affecting many countries around the world.
Lender of Last Resort
A role usually performed by a central bank, providing funds to financial institutions facing financial difficulty to prevent systemic collapse.
Federal Reserve Board
The governing body of the Federal Reserve System, responsible for overseeing American monetary policy and financial system regulation.
Bank Failures
Occurrences when a bank is unable to meet its obligations to depositors or creditors and ceases operations, often resulting in regulators seizing the institution.
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