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Today's Terms
American Stock Exchange
Definition:
One of the key stock exchanges in the United States, it consists mainly of stocks and bonds of companies that are small to medium-sized, compared with the shares of large corporations traded on the New York Stock Exchange..
Central bank
Definition:
A country's principal monetary authority, responsible for such key functions as issuing currency and regulating the supply of credit in the economy.
Bond
Definition:
A certificate reflecting a firm's promise to pay the holder a periodic interest payment until the date of maturity and a fixed sum of money on the designated maturing date.
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