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Statement I: When the Fed was set up in 1913,it was envisaged as a lender of last resort.
Statement II: The Fed did a basically good job in limiting the financial collapse between 1929 and 1933.
Unlimited Liability
A legal structure where the owners of a business are personally responsible for all of the debts and obligations of the business, without any limit.
Unanimous Agreement
A consensus or decision where all members or parties involved fully agree without any dissent.
Management
The act or skill of organizing, planning, leading, and controlling resources to achieve specific goals.
Major Decision
A significant ruling or conclusion, often by a court or high-level authority, that sets a precedent or has wide-ranging implications.
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