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Traveler's checks have no reserve requirements and are included in M1. When people travel during the summer and convert some of their checking account deposits into traveler's checks, explain what happens to the monetary base.
Dispute Resolution
The procedure for resolving disagreements or conflicts between parties, which can include negotiation, mediation, or arbitration.
Mediation
A form of dispute resolution where a neutral third party (mediator) helps the disputing parties come to a mutually acceptable agreement.
Arbitration
A form of alternative dispute resolution where a neutral third party, known as an arbitrator, makes decisions to resolve a dispute outside of court.
Sexual Harassment
Unwelcome actions, requests for sexual favors, or other verbal or physical conduct of a sexual nature that affects an individual's employment or work environment.
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