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According to Hugh Heclo,the Plum Book system of recruiting federal employees tends to result in the appointment of
Short-Term Debt Investments
Investments made with the intention of earning a return on surplus cash that can be converted into cash within a short period, usually less than one year.
Securities Market
A financial marketplace where securities such as stocks and bonds are bought and sold, facilitating capital flow in the economy.
Brokerage Fees
Fees charged by a broker for executing transactions or providing specialized services.
Cost Method
An accounting approach where investments are recorded at their purchase cost without considering market value fluctuations.
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