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    ECON Macro Principles
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    Exam 13: Money and the Financial System
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    In the World of Banking, What Are Cheques
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In the World of Banking, What Are Cheques

Question 12

Question 12

Multiple Choice

In the world of banking, what are cheques?  


A)  written instructions from a depositor to the bank 
B)  a form of commodity money 
C)  token money 
D)  fiat money

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