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Elastic Currency
A currency system that can expand or contract in supply to accommodate economic needs and stabilize the economy.
Secondary Reserves
Liquid assets held by financial institutions that are not used for primary obligations but can be quickly converted to cash for emergency needs.
U.S. Government Securities
Financial instruments issued by the United States Department of the Treasury to finance federal government's expenditures.
Vault Cash
Currency and coins held by a bank in its vault and used to satisfy the bank's reserve requirements.
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