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True or False
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1
Money is anything that is used as a form of payment.
A)True
B)False
2
Cash in circulation is in M2.
A)True
B)False
3
Bank money creation would not occur if there was a monopoly bank.
A)True
B)False
4
Banks often hold excess reserves.
A)True
B)False
5
If everyone went to withdraw their money from checking accounts at the same time, banks would be able to meet these withdrawals.
A)True
B)False





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