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Which of the following is characteristic of U.S. fiduciary money? Question 27 Answer a. It is intangible and created by depository intermediaries when making loans
Which of the following is characteristic of U.S. fiduciary money? Question 27 Answer a. It is intangible and created by depository intermediaries when making loans to borrowers b. It is held as demand deposits at banks, credit unions, and savings associations c. It can be exchanged for Federal Reserve notes or used for making transactions d. Each of these answers is correct
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
