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regulated firm (L5)<br />A firm subject to detailed government regulation of its pricing and investment decisions. PUBLIC UTILITIES are often controlled in this way because the goods and services they provide constitute a major part of the costs of all firms and a high percentage of the consumption expenditure of households.
<strong>FRB</strong> – Federal Reserve Bank, one of 12 banks established by The Federal Reserve Act for holding government reserve funds. The banking industry uses the Federal Reserve system for transferring funds electronically via an overnight process. (See also ACH.)
euro (F3)<br />The common currency of the EUROPEAN UNION adopted by all member states excepting Denmark, Sweden and the UK. It came into force on 1 January 1999 in parallel with the currencies of participating states. Euro coins and notes were issued from 1 January 2002 and became the sole currency in circulation in the states of the eurozone by 28 February 2002. Soon after its inception it experienced a slump in its value.
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