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Central Bank
function of the central bank
| Question | Answer |
|---|---|
| recession | A period of an economic contraction, sometimes limited in scope or duration |
| legal tender | currency that may be lawfully tendered in a payment of a debt, such as paper money, Federal Reserve notes, or coins |
| interest rates | price paid for borrowing money |
| national debt | the financial obligations of a national government resulting from deficit spending |