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One criticism of place theory is that it
Legal Reserve
The minimum amount of funds that a bank or financial institution must hold in reserve against deposits, as mandated by regulatory authorities.
Government Securities
Financial instruments issued by the government to finance its expenditures, offering a relatively safe investment.
Vault Cash
Paper currency and coins held by a bank in its vault and used to satisfy demands for withdrawals or to resolve deficits in reserve accounts.
Federal Securities
Financial instruments issued by the federal government, such as treasury bills and bonds, used to raise funds for governmental expenditures.
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