Examlex
The cost of medical fraud resulting from unnecessary and overpriced medical tests and treatments, administrative fees, and other fraud was estimated at $750 billion in 2009.
Elected
Refers to the process of choosing or selecting someone to hold a public office or some other position by voting.
Open-Market Operations
Purchases and sales of government securities by the Fed in an effort to influence the money supply.
Government Securities
Government securities are financial instruments issued by a government to raise funds from investors, promising to pay back the borrowed amount with interest, including bonds, treasury bills, and notes.
Fed's Purchase
The buying of securities or assets by the Federal Reserve to inject money into the banking system and stimulate economic activity.
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