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FEDERAL SURPLUS: The difference between federal government spending and taxes when taxes are greater than spending.
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MONETARY BASE The combination of currency held by the nonbank public, vault cash held by banks, and Federal Reserve deposits of the banks. Also termed high-powered money, these are the three monetary components over which the Federal Reserve System has relatively complete control. Due to this control, the monetary base is often used as a guide for monetary policy. The monetary base differs from a relative monetary aggregate, M1, through the inclusion of vault cash and Federal Reserve deposits and the exclusion of checkable deposits.
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WHITE GULLIBON [What's This?]
Today, you are likely to spend a great deal of time browsing about a thrift store hoping to buy either a birthday gift for your aunt or a pair of leather sandals that won't cause blisters. Be on the lookout for cardboard boxes. Your Complete Scope
This isn't me! What am I?
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John Maynard Keynes was born the same year Karl Marx died.
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"Most human beings have an almost infinite capacity for taking things for granted. " -- Aldous Huxley, writer
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RPI Retail Price Index
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