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LEGAL RESERVES: The total amount of vault cash or Federal Reserve deposits of a bank. These are the only bank assets that can be used legally to satisfy reserve requirements.

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GOVERNMENT FUNCTIONS

Resource allocation activities that are more efficiently performed using the coercive government powers of taxation, spending, and regulatory authority than by private sector market exchanges. The most noted activities are (1) common defense; (2) education; (3) transportation; (4) public health and safety; (5) legal and judicial system; and (6) money.

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APLS

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Today, you are likely to spend a great deal of time surfing the Internet seeking to buy either pink cotton balls or a genuine down-filled comforter. Be on the lookout for defective microphones.
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The average bank teller loses about $250 every year.
"Never let the fear of striking out get in your way. "

-- Babe Ruth

ECU
European Currency Unit
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