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3 Written questions

3 Multiple choice questions

  1. The coins and paper bills used as money in an economy
  2. A slowdown in economic activity and production
  3. 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 True/False questions

  1. Board of GovernorsSeven people appointed by President for a 14 year terms who are responsible for running the Federal Reserve System as a whole

          

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

          

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

          

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