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  3. Study Set
    Macroeconomics Principles and Policy Study Set 2
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    Exam 28: Money and the Banking System
  5. Question
    Define the Following Terms and Explain Their Importance to the Study
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Define the Following Terms and Explain Their Importance to the Study

Question 7

Question 7

Essay

Define the following terms and explain their importance to the study of macroeconomics:
a. money
b. M1
c. near money
d. bank run

Correct Answer:

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a. Money is the standard object used in ...

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