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Quotes of the day:
Oil prices will keep breaking new records until other countries move to nuclear and alternative energy sources or we discover massive new reserves and increase production dramatically over the next few years.
The tier 1 leverage ratio measures a bank’s core capital to its total assets. The ratio uses tier 1 capital to judge how leveraged a bank is in relation to its consolidated assets. Tier 1 assets are assets that can be easily liquidated if a bank needs capital in the event of a financial crisis. The tier 1 leverage ratio measures a bank’s financial health.
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