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IMPORT: Goods and services produced by the foreign sector and purchased by the domestic economy. In other words, imports are goods purchased from other countries. The United States, for example, buys a lot of the stuff produced within the boundaries of other countries, including bananas, coffee, cars, chocolate, computers, and, well, a lot of other products. Imports, together with exports, are the essence of foreign trade--goods and services that are traded among the citizens of different nations. Imports and exports are frequently combined into a single term, net exports (exports minus imports).

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Lesson 20: Federal Reserve System | Unit 3: The Fed Pyramid Page: 9 of 20

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The 37 Federal Reserve Banks are responsible for implementing the Fed policies and regulations.

Federal Reserve Banks:

  • Provide banking services for commercial banks.
  • Provide regulatory oversight of commercial banks.
  • Process checks for commercial banks.
  • Get newly printed currency into circulation.
  • Do economic analyses and monitor their district economies.
  • Offer limited services to the public.

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INJECTIONS

Non-consumption expenditures on aggregate production. The three aggregate expenditures grouped under the heading of injections are investment expenditures, government purchases and exports. Injections add to the core circular flow containing consumption, production, and income. The injections-leakages model is a Keynesian economics analysis that combines injections with leakages (saving, taxes, and imports) to identify the equilibrium level of aggregate production and income.

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BLACK DISMALAPOD
[What's This?]

Today, you are likely to spend a great deal of time at a crowded estate auction trying to buy either semi-gloss photo paper that works with your neighbor's printer or a birthday gift for your father that doesn't look like every other birthday gift for your father. Be on the lookout for neighborhood pets, especially belligerent parrots.
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Paper money used by the Commonwealth of Massachusetts prior to the U.S. Revolutionary War, which was issued against the dictates of Britain, was designed by patriot and silversmith, Paul Revere.
"Anyone who has never made a mistake has never tried anything new. "

-- Albert Einstein, physicist

CIFCI
Cost, Insurance, Freight, Commission and Interest
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