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Six-year-old Blair liked going to school right up until her first-grade teacher, Ms. Hanemayer, took maternity leave. The substitute teacher, Mrs. Snarly, was strict and scolded Blair on several occasions, making her cry. On one Saturday morning as Blair was helping her father with grocery shopping, she suddenly came face to face with Mrs. Snarly. Blair instantly burst into tears. Blair's crying at just the sight of Mrs. Snarly is an example of:
FOMC
The Federal Open Market Committee, which is the branch of the Federal Reserve responsible for overseeing the nation's open market operations and interest rates.
Government Securities
Financial instruments issued by the government to raise funds from the public, promising to pay back with interest.
Lender of Last Resort
An institution, usually a country's central bank, which offers loans to banks or financial institutions that are struggling to survive in order to prevent systemic failure.
Federal Reserve System
The central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing banking services.
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