Explain the Different DBMS Products

question 41

Essay

Explain the different DBMS products.

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Definitions:

Board of Governors

The leading body of a central bank in many countries, responsible for overseeing the management and operations of the bank.

Federal Reserve

The central banking system of the United States, responsible for managing the nation's monetary policy and regulating its financial institutions.

Open Market Operations

Activities undertaken by a central bank, such as the buying or selling of government securities, to control the money supply and interest rates.

Discount Rate

The interest rate charged by the Federal Reserve to depository institutions.