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Federal Reserve
The central banking system of the United States, which regulates the U.S. monetary and financial system.
Clearing of Checks
The process by which banks exchange checks or drafts drawn on each other and settle the differences to facilitate the actual transaction the check represents.
Currency in Circulation
Refers to the physical money, including coins and paper money, that is actively used and exchanged in an economy.
Bank Checking Accounts
Banking services that allow customers to deposit, withdraw, and write checks against funds they have in the account.
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