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The monetary policy transmission mechanism explains changes in:
Discharged
Refers to the release or termination of a legal duty, obligation, or debt.
Discharge
The completion, termination, or fulfillment of a legal obligation or duty, such as the discharge of a debt or the formal dismissal of an employee.
Debtor
An individual or organization that owes money or services to another entity, known as the creditor.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay their outstanding debts, allowing for the liquidation or reorganization of assets to pay off creditors.
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