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Term of the Day

Monetary reform

Monetary Reform is accounting reform that reaches more deeply into banking central bank, money supply and monetary policy. It affects how money is created and destroyed, and what constitutes a reliable measure of economic growth and measures of national income.


In the United States, the Federal Reserve and Department of the Treasury are responsible for these functions. Thus the term Treasury reform, which is a synonym but one that applies only to such reform of the US dollar.




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