Explain the difference between commodity monies, fiat money, and legal tender.
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Q4: Write out in equation form the four
Q5: Explain what currency debasement is.
Q6: List and explain the three characteristics of
Q7: "Debasement" is sometimes used to refer to
Q8: Prior to the passage of the Depository
Q10: Explain what happens to the value of
Q11: Explain why even a large withdrawal of
Q12: If Bob makes a deposit of $1000
Q13: Explain what near monies are.
Q14: If Bob withdraws $1000 in cash from
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