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Which of the following is NOT a fiscal policy action?
Investment Banks
Financial institutions that provide various services including underwriting, acting as intermediaries in mergers and acquisitions, and facilitating securities trading.
Direct Transfer
A method of moving funds or assets from one account or entity directly to another without any intermediaries.
Newly Issue Securities
Newly issued securities are financial instruments that have been recently launched into the market by a public or private entity, including stocks and bonds.
Long-term Investment
Assets or securities purchased with the intention of holding them for an extended period, typically over one year, to achieve long-term financial goals.
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