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Which of these was a major factor in the economic instability of the 1970s?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
Which term describes getting a sum of money for a specific purpose that is repaid over time?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
What was the purpose of establishing the Federal Reserve Bank?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
Which term describes the extra fee paid in return for borrowing a sum of money—excluding a loan origination fee?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
Which of these served as the standard for currency through much of the 19th and 20th centuries?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
Which of these was one of the reasons for establishing the First Bank of the United States?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
What characteristic is common to money throughout history?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
What was one economic result of the terrorist attacks of 2001?
Credit
The price of oil
Crisis of confidence in financial system
It has been relatively easy to trade, transport, save, and invest
To create a single currency for the United States
Borrowing
To make funds available to banks when cash reserves were low
Gold
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