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of 9 available terms

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3 Written questions

3 Multiple choice questions

  1. An amount of money borrowed for a certain time period
  2. Exchanging goods and services for other goods and services without the use of money
  3. The total amount of money available for use as a medium of exchange

3 True/False questions

  1. Demand DepositThe total amount of money available for use as a medium of exchange

          

  2. 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

          

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

          

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