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of 18 available terms

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6 Written questions

6 Multiple choice questions

  1. a specific type of loan that is used to buy real estate
  2. anything that is used to determine value during the exchange of goods and services
  3. the seizure of property from lenders who are unable to pay back their loans
  4. the ability to be used, or directly converted to cash
  5. objects that have value in and of themselves and are also used as money
  6. a person or institution to whom money is owed

6 True/False questions

  1. flat moneyobjects that have value because a government has decreed that they are acceptable means to pay debts

          

  2. defaultfailing to pay back a loan

          

  3. money supplyanything that serves as a medium of exchange, a unit of account, and a store of value

          

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

          

  5. principala person or institution to whom money is owed

          

  6. moneyanything that serves as a medium of exchange, a unit of account, and a store of value

          

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