Examlex
Regina's supervisor sends her an email requesting updated financial figures as soon as possible. When Regina interprets the message as meaning by the end of the day, she is decoding the message.
Lender of Last Resort
An institution, usually a central bank, that offers loans to banks or financial institutions that are struggling financially or are considered highly illiquid.
Financial Panics
Instances of widespread fear and anxiety among investors and the general public leading to rapid withdraws from banks or sell-offs in markets, often triggering economic downturns.
Open Market
A freely competitive market in which any buyer or seller can participate, and prices are determined by supply and demand.
Interest Rates
The cost of borrowing money, typically expressed as a percentage of the principal, which lenders charge borrowers for the use of their money.
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