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rack and report interest rates move money from lenders to borrowers and back again C) report all financial transactions to the federal government D) effect

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rack and report interest rates move money from lenders to borrowers and back again C) report all financial transactions to the federal government D) effect a transfer of wealth in society Answer: B Diff: 1 Topic: 1.1 The Cycle of Money AACSB: 3 Analytic Skills 2) Which of the following is NOT an example of a financial transaction? A) Your parents use their credit card to pay this term's college tuition B) You use the ATM to withdraw British pounds so you can fly to London C) Your roommate lends you $20 and you repay it in one week. D) All of the above are financial transactions. Answer: D Diff. 2 Topic: 1.1 The Cycle of Money AACSB: 3 Analytic Skills 3) The movement of money from lender to borrower and back again is known as A) the circle of life to finance

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