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What was the strategoi in Athens?
Open Market Sale
The selling of government bonds and securities in the open market to decrease the money supply.
Money Supply
The whole of economic resources in an economy, represented by cash, coins, and checking and savings accounts' balances, at a given time.
Excess Reserves
Excess reserves refer to the capital reserves held by a bank or financial institution in excess of what is required by regulations, guidelines, or central bank requirements.
Individual Bank
A financial institution that deals with consumers and businesses to offer deposit, loan, and investment services on an individual basis.
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