GLOSSARY
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Terms related to the Federal Reserve, banking and economics
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U.S. savings bond
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A nontransferable, registered bond issued by the U.S. government in denominations of $50 to $10,000.
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U.S. Treasury securities
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Interest-bearing obligations of the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. There are three types of marketable Treasury securities: bills, notes and bonds.
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unemployment rate
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The percentage of the labor force that is unemployed and actively seeking a job.
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