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Money & banking: what a dollar is — Homework
Money and banking.
- 1.Name money's three functions with an example of each.
- 2.Is a house money? Test it against the three functions.
- 3.$600 deposited, 10% reserves. How much can be lent? Total spendable claims?
- 4.Where is your deposit when the bank has lent it out?
- 5.What makes fiat money valuable?
🌲 Homeschool for the FutureTwelfth Grade · History · week 28 homework