Fiat money - Study guides, Class notes & Summaries
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ECN 211 Exam 3 Solved 100% Correct!!
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What is money - The most common exchange/means of payment. EX) cash, credit card, food 
Cash and checkable bank deposits are most liquid 
Not the same thing as wealth 
Assets like cars, houses, securities (stocks, bonds, mutual funds) are not money 
Those assets have low liquidity therefore take time to convert into cash 
Commodity Money - money with intrinsic value; has value even if not used as money EX) gold 
Fiat Money - money without intrinsic value; made valuable by law. EX) paper money, p...
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Champions Real Estate Finance 2 Versions Exam With Perfect Questions And Answers
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Champions Real Estate Finance 2 Versions Exam With Perfect Questions And Answers 
 
The consummation of a real estate transaction in which all appropriate documents are 
signed and the proceeds of the mortgage loan are then disbursed by the lender. - Closing 
Includes collecting monthly payments, maintaining records of payments and balances, 
collecting and paying taxes and insurance ( and managing escrow and impound funds) 
remitting funds to the note holder, and following up on delinquencie...
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Finc 305 || with A+ Guaranteed Solutions.
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central bank correct answers a national bank that provides financial and banking services for its country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency. 
 
european central bank correct answers central bank for the euro and administers monetary policy of the Eurozone, which consists of 19 EU member states and is one of the largest currency areas in the world. 
 
federal reserve system correct answers is the central ban...
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Notgrass Exploring Economics Unit 7 (Qs & As)
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Notgrass Exploring Economics Unit 7 (Qs & As) 
so that you can make purchases in the future Correct answer Money gives you a store of 
value 
when paper money that a government issues represents gold Correct answer A currency 
is based on the gold standard 
that has value not based on its relation to a commodity but by a nation's government declaring 
that its money is legal tender Correct answer Fiat currency is money 
loaning out the majority of money that it has on deposit Correct answer ...
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Real Estate Finance Exam Questions & Answers 100% verified
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What is fiat money? 
 
 
 
(a) Currency that is not backed by any precious metals. 
 
 
(b) Currency backed by silver and gold. 
 
 
(c) Currency backed by gold only. 
 
 
(d) Currency backed by platinum. - ANSWER-a 
 
Congress created the Federal Housing Administration in . 
a. 1949 b. 1939 c. 1984 d. 1934 - ANSWER-d 
 
In order to qualify for exemption from capital gains, the property must have been the prima- ry residence for two of the previous _____ years. 
a. 6 b. 3 c. 5 d. 4 - ANSWER-c...
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Champions Real Estate Finance Exam Questions with correct Answers 100% Verified
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Champions Real Estate Finance Exam 
Questions with correct Answers 100% 
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Residential Mortgages have two categories - answerConventional Loans & Government 
Loans 
Portfolio Loans - answerLoans not sold in secondary market 
Conventional Conforming Loans - answerLoans purchased in the secondary market that 
meet Fannie Mae & Freddie Mac standards 
Four C's of Creditworthiness - answerCharacter, Capacity, Capital, & Collatareal 
Character - answerA measure of the willingness of borrower ...
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ECONOMICS 231 TEST 4 || with Accurate Answers 100%.
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money function correct answers Medium of exchange 
unit of account 
store of value 
 
store of value correct answers if you place a part of your summer savings account, you are using money primarily as a 
 
medium of exchange correct answers if you write a check on a bank to purchase a used Honda Civic you are using money primarily as 
 
unit of account correct answers a $200 price tag on a cashmere sweater in a department store window is an example of money functioning as a 
 
means of payment...
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Straighterline Test 4 Macroeconomics| Questions Answered 100% Correct/Verified Solutions
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Which of the following is considered money in our economy? 
Currency 
True or false. Fiat money is counterfeit money. 
False 
The M2 definition of the money supply includes all of the following, except 
U.S. savings bonds. 
money market accounts. 
savings accounts. 
currency. 
U.S savings bonds
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PMK Power Exam Q&A 2023
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Mr. Brown has inherited a small sum of money, and he wants to become a business owner. However, he 
has a full-time job that he plans to keep and very little time to operate his own business. What type of 
ownership should he consider? - Answer- Corporation 
 
Techtron Electronics Store has just received a shipment of a new PlayStation game that has been on 
order for several weeks. The best way for the store's manager to advise Techtron sales associates that 
the game is available is by... - A...
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DECA PFL EXAM QUESTIONS AND ANSWERS GRADED A 2024
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Annual Percentage Rate (APR) - The yearly cost of credit. Interest Rate plus finance charge. 
 
portfolio analysis - the process by which management evaluates the products and businesses that make up the company 
 
portfolio investment - investment that does not involve obtaining a degree of control in a company 
 
comprehensive insurance - covers your car for reasons other than a collision such as theft and vandalism 
 
Gap Insurance - Covers the difference between what you owe on a car and wha...
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