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Business cycles -The upward and

the downward movement of


aggregate output produced in
the economy.
Central bank -The government
agency that oversees the
banking system and is
responsible for the amount of
money and credit supplied in
the economy.
Common stock -A security that is
a claim on the earnings and assets of a
company.
e-finance -A new means of
delivering financial services
electronically.
Federal Reserve System -Institutions (such
as banks, insurance companies, mutual funds,
pension funds, and financial companies) that
borrow funds for people who have saved and
then make

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