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What is a pay policy line? What is its relevance?
Certification
The formal verification by a recognized authority that an individual, organization, or product has met specific standards or qualifications.
Liability
Legal responsibility for one's actions or failures to act, which may result in being required to compensate for damages or losses caused.
Central Banks
Institutions that manage a country's currency, money supply, and interest rates.
Federal Reserve System
The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and ensuring financial stability.
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