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A central bank's international reserves include
Raw Material
The basic substances in their natural, modified, or semi-processed state, used as inputs for production.
Direct Labor
The labor costs directly associated with the production of goods or services, typically involving manufacturing or construction work.
Selling and Administrative Expenses
Costs associated with the selling of products and the management of the business.
Fixed Overhead
The total non-variable costs associated with operating a business, including rent, salaries, and insurance, that remain unchanged regardless of the level of production or sales.
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