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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Chapter Review
Chapter 14:
Money and Banking
- What is money?
- How is the U.S. money supply defined?
- How do countries pay for international transactions?
- Why are banks considered intermediaries?
- How does international banking differ form domestic banking?
- How do banks create money?
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