Dsst test questions - Study guides, Class notes & Summaries

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DSST Money & Banking Complete Test Guide Questions 2024. Fiat Money - correct answer 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 - correct answer The sum of all money held by businesses and individuals (incl. traveler's checks) and checkable deposits. M2 - correct answer The category that contains all funds included in M1, as well as savings deposits...

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