It is not really a true reserve.

这并不是真正的储备。

youdao

Then again, with true no reserve in today's weak market, where the world is still flooded with unwanted yachts, it could go for much less.

在如今这个仍充斥着无人问津的游艇的世界中，在疲弱的市场上进行真正的无底价拍卖，最终的成交价可能会比这少的多。

youdao

However, this is not true when debt is retired with the Federal Reserve.

然而，当债务在美联储里消失时，情况就不是如此了。

youdao

This is simply true of any system of fractional reserve banking and is the cause of bank runs.

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True the US central bank, the Federal Reserve, is in a much stronger position.

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But the true perpetrator of higher oil prices, the Federal Reserve, stands right in front of us, the smoking gun its easy money policies.

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