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Today's Terms
Equal Opportunity Employment
Definition:
Equal Opportunity laws prohibit employment discrimination due to race, religion, disability, immigration etc.
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.
Panic
Definition:
A series of unexpected cash withdrawals from a bank caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency.
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