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    Exam 18: Understanding Money, Banking, and Credit
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    Immediate Purchasing Power That Is Exchanged for a Promise to Pay
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Immediate Purchasing Power That Is Exchanged for a Promise to Pay

Question 168

Question 168

Multiple Choice

Immediate purchasing power that is exchanged for a promise to pay at a later date is called


A) collateral.
B) purchasing power.
C) trust creation.
D) money value.
E) credit.

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