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3 Written questions

3 Multiple choice questions

  1. An amount of money borrowed for a certain time period
  2. The coins and paper bills used as money in an economy
  3. A slowdown in economic activity and production

3 True/False questions

  1. Money SupplyThe total amount of money available for use as a medium of exchange


  2. Fractional Reserve BankingThe central bank of the US, which provides services to banks, regulates their activities, and controls the nation's monetary policy


  3. Board of GovernorsSeven people appointed by President for a 14 year terms who are responsible for running the Federal Reserve System as a whole


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