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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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PRODUCTION TECHNOLOGY, SUPPLY DETERMINANT

The knowledge and information that suppliers have about production (that is, production techniques or the way inputs are combined to produce outputs) which are assumed constant when a supply curve is constructed. Production technology is one of five supply determinants that shift the supply curve when they change. The other four are resource prices, other prices, sellers' expectations, and number of sellers.

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Today, you are likely to spend a great deal of time searching for rummage sales trying to buy either a genuine down-filled comforter or a 200-foot blue garden hose. Be on the lookout for bottles of barbeque sauce that act TOO innocent.
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The word "fiscal" is derived from a Latin word meaning "moneybag."
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CBI
Confederation of British Industry
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