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Since 2002,the FASB and the International Accounting Standards Board (IASB) have been working to merge U.S.GAAP with international financial reporting standards (IFRS) .Which of the following terms is used to describe this process?
Unemployment
The situation when individuals who are capable of working and are looking for a job cannot find employment.
U.S. Newspapers
Print or digital publications in the United States that provide news, analysis, opinion, and features on a variety of topics.
Money Supply
The complete aggregation of monetary assets within an economy at a particular point, including cash, coins, and the funds in checking and savings accounts.
Velocity
The rate at which money circulates within an economy, often measured as the ratio of nominal GDP to the money supply.
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