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What Is a "Disaster"? What Are Three Types of Disasters

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What is a "disaster"? What are three types of disasters? Give an example of each.


Definitions:

Government Bonds

Financial securities issued by a government to finance its budget deficits and various public sector projects.

Discount Rate

The interest rate charged by central banks for short-term loans to commercial banks, influencing monetary policy and economy liquidity.

Required Reserve Ratio

The fraction of deposits that a bank is legally required to hold as reserves, either in its own vaults or with a central bank.

Government Spending

Expenditures made by the government for its operations, provision of public services, or interventions in the economy.

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