Examlex
Discuss how social environment acts as an external influence on a consumer.
Monetary Policy
The process by which a central bank, currency board, or regulatory authority manages the money supply to achieve specific goals such as controlling inflation, maintaining employment, and stabilizing the currency.
Federal Reserve System
The central banking system of the United States, which oversees the nation's monetary policy, regulates banks, maintains financial stability, and provides financial services.
Board of Governors
An executive or administrative arm of an organization or system, often responsible for making key decisions and overseeing operations.
Reserve Requirements
Central bank regulations that set the minimum amount of reserves that must be held by commercial banks.
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