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Which of the following is NOT included in the calculation of free cash flows?
Federal Reserve
The central banking system of the United States, responsible for monetary policy, bank regulation, and the stability of the financial system.
Fed Open Market Committee
The branch of the Federal Reserve responsible for open market operations, including the buying and selling of government securities, to influence the money supply and interest rates.
Money Supply
The complete sum of financial resources present within an economy at a given moment, encompassing cash, coins, and the funds available in checking and savings accounts.
M1
A category of the money supply that includes all physical money like coins and currency, as well as demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.
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