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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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SCARCE

A condition in which a given good or resource is limited relative to its desired uses. This is a special condition of the general condition of scarcity. A scarce good or resource is typically exchanged through markets and carries a positive price.

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APLS

RED AGGRESSERINE
[What's This?]

Today, you are likely to spend a great deal of time at a going out of business sale trying to buy either a dozen high trajectory optic orange golf balls or a large red and white striped beach towel. Be on the lookout for attractive cable television service repair people.
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This isn't me! What am I?

Lombard Street is London's equivalent of New York's Wall Street.
"Whenever you see a successful business, someone once made a courageous decision."

-- Peter F. Drucker, business strategist

AEC
Annual Equivalent Costs
A PEDestrian's Guide
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