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The paper money or currency in the U.S. essentially represents: A) A debt of commercial banks and savings institutions B) A debt of the U.S.
The paper money or currency in the U.S. essentially represents: A) A debt of commercial banks and savings institutions B) A debt of the U.S. Treasury C) An asset of the Federal government D) A debt of the Federal Reserve System
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Economics
Authors: R. Glenn Hubbard, Anthony Patrick O Brien
7th edition
134738314, 9780134738116 , 978-0134738321
