List and explain the three functions of money.
-Explain why an index card or a cow does not fulfill all three functions of money.
Correct Answer:
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Q7: Whats defention of terms:
-unit of account
Q8: Whats defention of terms:
-excess reserves
Q9: Whats defention of terms:
-money multiplier
Q10: Whats defention of terms:
-required reserves
Q11: List and explain the three functions of
Q13: List and explain the three functions of
Q14: List and explain the three functions of
Q15: Discuss how credit and interest rates are
Q16: Discuss how credit and interest rates are
Q17: Discuss how credit and interest rates are
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