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Today's Terms
Federal Reserve Bank
Definition:
One of the 12 operating arms of the Federal Reserve System, located throughout the United States, that together with their 25 branches carry out various functions of the U.S. central bank system.
Norris-LaGuardia Act
Definition:
Adopted in 1932, this act was one of the first attempts to limit the power of federal courts in labor disputes.
Capital market
Definition:
The market in which corporate equity and longer-term debt securities (those maturing in more than one year) are issued and traded.
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