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Identify the conditions under which a strategic alliance can be rare and discuss the role that complementary resources can play in the rarity of strategic alliances.
Fed
In the United States, the Federal Reserve System serves as the central banking authority, charged with the management of monetary policy.
Bonds
Fixed-income investments representing a loan made by an investor to a borrower, often used by companies, municipalities, states, and sovereign governments to finance projects and operations.
Leverage Ratio
A financial metric used to assess a company's ability to meet its financial obligations, calculated as the ratio of its total debt to its equity, assets, or other benchmarks.
Bank Capital
The financial resources held by a bank that acts as a cushion against potential losses, consisting of equity, retained earnings, and other reserves.
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