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Definition
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Term
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Definition
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Anything used as a medium of exchange *medium of exchange, store of value, standard of value
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Term
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Definition
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a bank acct that permits direct pmnt to a 3rd party
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Term
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Definition
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Term
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Definition
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assets held by a bank to fulfill its deposit
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Term
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Definition
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required reserve ratio X total deposits
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Term
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Definition
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total reserves (minus) req'd reserves
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Term
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Definition
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Term
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Definition
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actual value is less than monetary value
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