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Prior to the recent financial crisis, the bulk of the Fed's assets on its balance sheet were ________ and its liabilities were ________.
Provision Account
An account that is set aside to cover anticipated future expenses or liabilities.
Wage Rise
An increase in the base pay rate for an employee or group of employees.
Enterprise Bargaining Agreements
Enterprise Bargaining Agreements are contracts negotiated between employers and employees at the enterprise level to set terms and conditions of employment.
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