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of 18 available terms

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6 Written Questions

6 Multiple Choice Questions

  1. the ability to be used, or directly converted to cash
  2. a person or institution to whom money is owed
  3. a specific type of loan that is used to buy real estate
  4. all the money available in the US economy
  5. coins and paper bills used as money
  6. objects that have value because a government has decreed that they are acceptable means to pay debts

6 True/False Questions

  1. debit carda card used to withdraw money from a bank account

          

  2. commodity moneyobjects that have value in and of themselves and are also used as money

          

  3. interestthe price paid for the use of borrowed money

          

  4. credit carda card used to withdraw money from a bank account

          

  5. medium of exchangeanything that is used to determine value during the exchange of goods and services

          

  6. barterthe direct exchange of one set of goods or services for another

          

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