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REQUIRED RESERVES: The amount of vault cash and/or Federal Reserve deposits that a bank must legally keep to back outstanding deposits. These are the assets that bank regulators specify a bank must have to ensure the stability of deposits and conduct daily transactions.

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Lesson 21: Factor Demand | Unit 1: Factor Markets Page: 2 of 24

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  • The notion of factor markets.

  • Factor markets exchange the productive services of resources or factors of production.
  • Factor markets and resource markets are synonymous.

  • Like any markets, factors markets combine the forces of demand and supply.

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SEVEN ECONOMIC RULES

A set of seven fundamental notions that reflect the study of economics and how the economy operates. They are: (1) scarcity, (2) subjectivity, (3) inequality, (4) competition, (5) imperfection, (6) ignorance, and (7) complexity.

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APLS

GREEN LOGIGUIN
[What's This?]

Today, you are likely to spend a great deal of time wandering around the downtown area hoping to buy either a wall poster commemorating the 2000 Olympics or a flower arrangement with a lot of roses for your grandmother. Be on the lookout for neighborhood pets, especially belligerent parrots.
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In 1914, Ford paid workers who were age 22 or older $5 per day -- double the average wage offered by other car factories.
"Defeat is simply a signal to press onward. "

-- Helen Keller, author, lecturer

PIH
Permanent Income Hypothesis
A PEDestrian's Guide
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