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3 Written questions

3 Multiple choice questions

  1. A system of banking whereby banks keep a percentage of checking and saving deposits in reserve, leaving the rest available for loans and investments
  2. Seven people appointed by President for a 14 year terms who are responsible for running the Federal Reserve System as a whole
  3. The total amount of money available for use as a medium of exchange

3 True/False questions

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

          

  2. BarteringExchanging goods and services for other goods and services without the use of money

          

  3. Demand DepositA slowdown in economic activity and production

          

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