Exam 2: Development of the Us Banking System

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The ____________________ Treasury System was a network of federal offices that handled U.S. government money in the years preceding the Civil War.

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Give three examples of paper currency in use today.

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Angie's salary is $45,000. If inflation this year is 3 percent, what does Angie's salary need to be in order to hold the same purchasing value?

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The Emergency Banking Act of 1933

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Why did Franklin D. Roosevelt declare a bank holiday in March 1933?

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When a stock is bought on ____________________, it is purchased for a fraction of its price and then resold at a profit without the full purchase price of the stock ever having been paid.

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The largest denomination dollar note currently printed is the $100 note.

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The original cost of a product is $75. Inflation for the first year is 8 percent; for the second year, inflation is 10 percent. What is the cost of the product at the end of the second year?

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The Civil War in America brought monetary issues to a crisis point because

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What is stagflation?

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