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Why did Vespasian allow the imperial cult to emerge only in the provinces beyond Italy and not in Italy itself?
World Liquidity
The availability of global financial assets that can be easily exchanged or used for transactions.
Central Banks
National banks that provide financial and banking services for a country's government and commercial banking system, mainly responsible for monetary policy.
Fixed Exchange Rate
A rate of exchange that is set in some way and therefore prevented from rising or falling with changes in currency supply and demand.
FX Reserves
Foreign exchange reserves, assets held on reserve by a central bank in foreign currencies, used to back liabilities on their own issued currency as well as to influence monetary policy.
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