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Why is the forecast of sales revenue considered to be the cornerstone of the master budget?
Emergency Banking Relief Act
A law passed in 1933 at the start of the Roosevelt Administration that allowed the federal government to take steps to stabilize the banking industry during the Great Depression.
Commercial Banking
Financial institutions that accept deposits, offer checking account services, and make various loans to businesses and individuals.
Investment Banking
A sector of the banking industry that deals with the creation of capital for other companies, governments, and other entities, through underwriting or acting as the client's agent in issuing securities.
National Industrial Recovery Act
A 1933 U.S. law aimed at boosting economic growth during the Great Depression by regulating industry standards and promoting fair wages and hours for workers.
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