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When a tariff on imported inputs exceeds that on the finished good,
Financial Intermediaries
Institutions that act as middlemen in financial transactions, typically between savers and borrowers.
Commercial Banks
Financial institutions that offer a wide range of services to businesses and consumers, including deposit accounts, loans, and money transfers.
Minimum Balance
The smallest amount that must be maintained in a bank account to avoid penalties, such as service charges.
Check-Cashing Services
Financial services where checks can be cashed for a fee without needing a bank account.
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