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Which of the following was the first universal file format?
Government Securities
Financial instruments issued by the government to finance its expenditures, promising to pay back with interest.
Excess Reserves
Capital reserves held by banks that surpass the minimum reserve requirements, providing liquidity and stability to the banking system.
Money Supply
The total quantity of monetary assets available in an economy at a specific time, including notes, coins, and balances held in checking and savings accounts.
Discount Rate
The cost imposed on banks and similar entities for borrowing funds from the Federal Reserve's discount window.
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