Cigarettes were used as a currency not only in several prisoner-of-war camps during World War II, but also in some countries in Eastern Europe just before the collapse of communism.
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Q3: Money has three main functions.It is a
Q4: In spite of bank runs and inflation,
Q5: The money multiplier is the reciprocal of
Q6: Monetary policy seeks to affect all interest
Q7: Money is:
A)equivalent to income
B)equivalent to wealth
C)an asset
Q9: Modern banking systems have reserve-deposit ratios of
Q10: The growth in the level of electronic
Q11: The Reserve Bank can affect the money
Q12: A relatively narrow measure of money is
Q13: Banks attempt to hold as much reserves
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