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Definition
| Money made of precious metals or another valuable commodity |
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Definition
| money in the form of a stored value card, smart card, or balances to purchase goods and services over the internet |
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Definition
| paper currency decreed by a government as legal tender but not convertible into coins or precious metals |
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Definition
| periods of extreme inflation |
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Term
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Definition
| the flow of earning over a specific period of time |
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Definition
| the relative ease and speed with which an asset can be converted into cash |
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Definition
| anything that can be used to pay for goods and services |
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Definition
| the two measures of the money supply used by the federal reserve system |
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Definition
| the method of conducting transactions in the economy |
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Definition
| a repository of purchasing power over time |
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Definition
| anything used to measure value in an economy |
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Definition
| all resources owned by an individual, including all assets |
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