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Definition of plunge team - 1 dictionary result
Financial Dictionary

Plunge Team

A colloquial reference to a group of economic leaders within the United States whose purpose is to ensure the nation's financial markets are efficient, competitive, and provide confidence for investors.

Investopedia Commentary

Created by Ronald Reagan in 1988 to deal with the crash of 1987, the group was formed due to Executive Order 12631.

See also: Black Monday, Efficient Market Hypothesis

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