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3 Written questions

3 Multiple choice questions

  1. A slowdown in economic activity and production
  2. A system of banking whereby banks keep a percentage of checking and saving deposits in reserve, leaving the rest available for loans and investments
  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. Demand DepositThe total amount of money available for use as a medium of exchange


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


  3. LoanAn amount of money borrowed for a certain time period


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