Incorrect Question 10 The currency of the country of Turkey is the Turkish lira. Twelve years ago, when Turkey was hoping to join the European Monetary Union, storekeepers often quoted prices in Euros (the currency of the European Monetary Union). This is an example of Euros being used as a medium of exchange bank reserves a store of value a unit accountWithout deposit insurance, increase(s) the likelihood of banking panics since high interest rates; make risky loans O inflation; currency becomes less valuable low interest rates; since everyone rushes to ask for a loan fractional reserve banking; banks don't hold all of the deposits as reserves