Exam (elaborations)
DSST Money & Banking 121 Questions with 100% Correct Answers | Verified | Updated 2024
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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 c...
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