Examlex
What is a divisional structure? List the three categories and provide an example of each.
Federal Reserve
The central banking system of the United States, responsible for setting monetary policy, regulating banks, and providing financial services to the government.
Non-Amortized Debt
A loan in which the principal amount borrowed does not decrease through regular payments over the term of the loan.
Principal
The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or growth.
Maturity
The date on which a financial obligation must be repaid in full.
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