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Sublight2097 Sublight2097
wrote...
Posts: 4132
9 years ago
What gives a demand deposit value?
A) The belief others will readily accept the demand deposit in exchange for valuable goods
B) The currency the bank holds as reserves
C) The guarantees the government provides
D) The gold backing the deposits
E) In God we trust.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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Posts: 1913
9 years ago
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Sublight2097 Author
wrote...
9 years ago
Another one in the books, marking it solved.
wrote...
3 years ago
Thanks
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