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Step One: Describe the three functions of money (e.g. unit of account) and what is included in Money One (M1) and Money Two (M2). Step

Step One: Describe the three functions of money (e.g. unit of account) and what is included in Money One (M1) and Money Two (M2).

Step Two: Discuss the role of banks in a capitalist economy and how banks can "create money" through their capacity to receive deposits and make loans. Be sure to include the money multiplier in your explanation

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