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What are three common real-world applications of circular and total runout tolerance?
State Interference
State interference involves actions by a state government that affect or hinder federal policies, operations, or laws.
Amendment
A formal change or addition proposed or made to a document, law, or legislative bill.
Federal Funds
Reserve balances that commercial banks hold at Federal Reserve Banks, often referred to in the context of the federal funds rate, which is the interest rate at which banks lend to each other overnight.
Income Tax
Tax levied by a government directly on income, including wages, salaries, and investments.
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