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If the reserve ratio is 5 percent,banks do not hold excess reserves,and people do not hold currency,then when the Fed purchases $20 million worth of government bonds,bank reserves
Private Industry
The segment of the economy that is operated by individuals or corporations for profit and is not directly controlled by the government.
Family and Medical Leave Act
A US federal law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.
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Time off from work granted by an employer without compensation to the employee.
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