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Fischer esterification can be used to synthesize aspirin from salicylic acid.
Government Securities
Financial instruments issued by the government to finance its expenditures, offering investors a relatively safe investment option compared to other securities.
Discount Rate
The interest rate charged to commercial banks and other financial institutions for loans received from a country's central bank.
Reserve Requirement
This is a regulation set by central banks requiring banks to hold a certain percentage of deposits and notes in reserve, either in their vaults or on deposit with the central bank, as a precaution against bank runs.
Actual Reserves
The total amount of funds that a bank has in its reserve account plus any cash on hand, used to satisfy central bank requirements and handle withdrawals.
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