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6 Written questions

6 Multiple choice questions

  1. the seizure of property from lenders who are unable to pay back their loans
  2. anything that serves as a medium of exchange, a unit of account, and a store of value
  3. a person or institution to whom money is owed
  4. a banking system that keeps only a fraction of its funds on hand and lends out the remainder
  5. a card entitling its owner to buy goods and services based on the owner's promise to pay for the use of borrowed money
  6. anything that is used to determine value during the exchange of goods and services

6 True/False questions

  1. interestthe direct exchange of one set of goods or services for another

          

  2. barteranything that serves as a medium of exchange, a unit of account, and a store of value

          

  3. representative moneyobjects that have value because the holder can exchange them for something else of value

          

  4. currencycoins and paper bills used as money

          

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

          

  6. principala person or institution to whom money is owed