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LSDefine

Simple English definitions for legal terms

Reserve Board

Read a random definition: purpose clause

A quick definition of Reserve Board:

Reserve Board: The Reserve Board, also known as the Federal Reserve Board of Governors, is a group of seven people who oversee the Federal Reserve System and make decisions about money and credit policies for the entire country. These members are chosen by the President and approved by the Senate to serve for 14 years. The Reserve Board is often abbreviated as FRB.

A more thorough explanation:

A Reserve Board, also known as the Federal Reserve Board of Governors, is a group of people who supervise the Federal Reserve System and make decisions about national monetary and credit policies. The board is made up of seven members who are nominated by the President and confirmed by the Senate for 14-year terms. The abbreviation for the Federal Reserve Board is FRB.

When the economy is struggling, the Reserve Board might decide to lower interest rates to encourage people to borrow money and spend more. This can help stimulate the economy and create jobs.

Another example is when the Reserve Board decides to increase the money supply by buying government bonds. This can help lower interest rates and make it easier for people to borrow money for things like buying a house or starting a business.

These examples illustrate how the Reserve Board can use its power to influence the economy and help promote growth and stability.

reserve bank | reserve clause

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General chat about the legal profession.
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Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
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