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<u>Answer:</u> An action or decision that later serves as an example is "Precedent"
<u>Explanation:</u>
An earlier incident or action which is considered an indicator or a reference to be used in similar circumstances afterwards is termed as "Precedent". There are two kinds available as persuasive precedents and binding precedents.
A precedent or authority is a legal case in common law legal systems that sets out a principle or rule. The court or other judicial bodies then use this principle or rule when deciding later cases with similar matters or facts.
<span>The Federal Reserve Board affects the economy by increasing or decreasing the money supply.
</span>The Federal Reserve Board is a seven-member body that governs the Federal Reserve System, the U.S. central bank in charge of making the country's monetary policy.<span> It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
Answer:
Do you mean like dollar bills or like money?
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