Without a medium of exchange, people would have to trade their goods or services directly for other goods or services, a practice known as barter.
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Q1: The U.S. money supply consists of gold
Q3: Money serves as a unit of account
Q4: During periods of deflation, the store-of-value function
Q5: Economists widely consider credit cards to be
Q6: When shopping for a credit card, one
Q7: The U.S. Treasury is the major issuer
Q8: In the United States, all paper money
Q9: Federal Reserve notes constitute the largest component
Q10: A negotiable order of withdrawal (NOW) account
Q11: Checking accounts that are issued by credit
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