Examlex
As lava cools and solidifies from the surface down, cracks frequently grow downward through the rock. Such cracks are called:
U.S. Federal Reserve
The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing banking services.
Bank of Japan
The central bank of Japan, responsible for issuing currency, implementing monetary policy, and maintaining the stability of the Japanese financial system.
Interest Rates
The cost of borrowing money or the return on savings, typically expressed as an annual percentage.
Monetary Policy
Actions taken by a central bank, currency board, or other regulatory authorities to control the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
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