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    Principles of Economics Study Set 1
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    Exam 22: Money Prices and the Federal Reserve
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    When Your Grandfather Keeps a Bundle of $100 Dollar Bills
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When Your Grandfather Keeps a Bundle of $100 Dollar Bills

Question 72

Question 72

Multiple Choice

When your grandfather keeps a bundle of $100 dollar bills behind a brick in the basement, this is an example of dollars serving as:


A) bank reserves.
B) a medium of exchange.
C) a unit of account.
D) a store of value.

Correct Answer:

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