Examlex
Including the transactions costs of the bid-ask spread,the euro-pound cross exchange rate for a customer who wants to sell euro and buy pounds can be computed as
Federal Reserve System
The central banking system of the United States, responsible for setting monetary policy and regulating banks.
Established
Refers to an entity or concept that has been in existence for a significant period and is widely recognized or accepted.
1913
The year marked by significant historical events, such as the establishment of the Federal Reserve System in the United States.
Four-Year Term
A period often associated with the duration of certain elected offices or specific agreements, notably used to denote the length of a presidential term in many countries.
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