Choose the term that best fits the definition. On a separate sheet of paper
Chapter 16, Problem 8(choose chapter or problem)
Choose the term that best fits the definition. On a separate sheet of paper, write the letter of the answer. Some terms may not be used. __ 8. Central bank and money authority of the United States check b. checkable deposits c. commodity money d. discount rate e. Federal Open Market Committee (FOMC) f. Federal Reserve System g. fiat money h. fractional reserve banking system i. M1 j. M2 k. medium of exchange l. open-market operations m. representative money
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