Exam (elaborations)
DSST Money & Banking TOP Predicted Questions and Correct Answers 2024
- Course
- Institution
Fiat Money - Money that isn't tied to reserves such as gold, rather is guaranteed by the government's trustworthiness. Has no intrinsic value. Exists in currency bills form and bank deposits. M1 - The sum of all money held by businesses and individuals (incl. traveler's checks) and checkable...
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