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ENVIRONMENTAL SCANNING: The process of collecting information on various forces in the business environment that can impact the future of the company. These forces are: economic, legal/regulatory, sociocultural, technological, competitive and political. This is usually done as part of a regularly scheduled strategic planning session and is generally a necessary component in a marketing plan.
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Lesson 20: Federal Reserve System | Unit 2: What It Does
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Page: 6 of 20
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- That the Fed is the entity responsible for ensuring that the economy has the proper amount of money.
- The two reasons for controlling the money supply: (a) to avoid inflation and recession and (b) to ensure the value of money.
- That when the United States did not have a central bank, the economy experienced periods of turmoil.
- That the Federal Reserve System, established 1913, although not perfect, has helped stabilize the economy.
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TRADITIONAL BANKS The first financial intermediaries to function as depository institutions, maintain deposits, make loans, and directly control the checkable deposits portion of the economy's money supply. Traditional banks were THE original banks, the financial depository institutions first to offer checkable deposits. Traditional banks invariably have the word "bank" in their names and are charted by either the Comptroller of the Currency or one of the fifty state corporation commissions. Three other types of banks, as a group commonly termed thrift institutions, are credit unions, savings and loan associations, and mutual savings banks.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time watching infomercials wanting to buy either a flower arrangement for that special day for your mother or a New York Yankees baseball cap. Be on the lookout for slightly overweight pizza delivery guys.
Your Complete Scope
This isn't me! What am I?
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The average bank teller loses about $250 every year.
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"An idea is never given to you without you being given the power to make it reality." -- Richard Bach, Author
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APT
Arbitrage Pricing Theory
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