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Discount Rate
The rate of interest the Fed charges to loan money to any banking institution to meet reserve requirements.
Economic Activity
Actions that involve the production, distribution, and consumption of goods and services at all levels within a society.
Money Supply
The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.
Glass-Steagall Act
A U.S. law enacted in 1933, designed to prevent commercial banks from engaging in investment banking, thereby protecting depositor funds from risky market investments.
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