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Table 13-2
-In Table 13-2,if excess reserves for XYZ Bank are $30,000,the desired reserve ratio
Outputs
Refers to the goods or services produced by a business or an economic system.
Factor of Production
An input used in the production of goods and services, including land, labor, capital, and entrepreneurship.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.
Education and Knowledge
Education and knowledge pertain to the process of acquiring information, skills, values, and understanding through experiences, schooling, and study, which collectively empower individuals and societies.
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