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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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PERFECT COMPETITION, MARGINAL ANALYSIS

A perfectly competitive firm produces the profit-maximizing quantity of output that equates marginal revenue and marginal cost. This marginal approach is one of three methods that used to determine the profit-maximizing quantity of output. The other two methods involve the direct analysis of economic profit or a comparison of total revenue and total cost.

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APLS

ORANGE REBELOON
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Today, you are likely to spend a great deal of time searching for a specialty store looking to buy either a coffee cup commemorating yesterday or a replacement remote control for your television. Be on the lookout for letters from the Internal Revenue Service.
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The Dow Jones family of stock market price indexes began with a simple average of 11 stock prices in 1884.
"After climbing a great hill, one finds many more hills to climb. "

-- Nelson Mandela, president of South Africa

ACBS
Accrediting Commission for Business Schools
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