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The equation of exchange is
Securities and Exchange Commission (SEC)
An independent U.S. federal agency responsible for regulating the securities industry, enforcing federal securities laws, and ensuring that markets operate fairly and efficiently.
Independent Agency
is a government body established to regulate and oversee specific areas of public policy, distinct from executive departments.
Judicial Review
The process by which courts examine government actions to determine if they conform to the constitution or other legal standards.
Agency Behavior
Actions and decisions made by agents representing others in business transactions, reflecting the interest of the principal.
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