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of 9 available terms

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3 Written Questions

3 Multiple Choice Questions

  1. The total amount of money available for use as a medium of exchange
  2. An amount of money borrowed for a certain time period
  3. Seven people appointed by President for a 14 year terms who are responsible for running the Federal Reserve System as a whole

3 True/False Questions

  1. Fractional Reserve BankingA system of banking whereby banks keep a percentage of checking and saving deposits in reserve, leaving the rest available for loans and investments


  2. CurrencyThe coins and paper bills used as money in an economy


  3. Demand DepositA slowdown in economic activity and production


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