Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Jean-Paul Sartre
Federal Reserve Act
The 1913 U.S. legislation that established the Federal Reserve System as the central banking authority, responsible for monetary policy and oversight of banks.
Established
Refers to something that has been in existence for a long time and is accepted by many or most people.
Board of Governors
A governing body at the top of an organization or institution, such as the Federal Reserve, responsible for overseeing its operations and making key decisions.
Fourteen-Year Term
A fixed period of fourteen years, often referenced in legal, contractual, or tenure contexts.
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