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international monetary system

(Encyclopedia)international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common standard of value ...

Independent Treasury System

(Encyclopedia)Independent Treasury System, in U.S. history, system for the retaining of government funds in the Treasury and its subtreasuries independently of the national banking and financial systems. In one for...

Federal Reserve System

(Encyclopedia)Federal Reserve System, central banking system of the United States. Established in 1913, it began to operate in Nov., 1914. Its setup, although somewhat altered since its establishment, particularly ...

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