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Which of these was one of the reasons for establishing the First Bank of the United States?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
Which term describes the extra fee paid in return for borrowing a sum of money—excluding a loan origination fee?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
What is the term that describes a form of money that has intrinsic value?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
Which of these was a major factor in the economic instability of the 1970s?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
What characteristic is common to money throughout history?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
What was the purpose of establishing the Federal Reserve Bank?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
What was one result of increased mortgage foreclosures after 2007?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
Which term describes getting a sum of money for a specific purpose that is repaid over time?
To make funds available to banks when cash reserves were low
Commodity
Tighter credit restrictions
Credit
To create a single currency for the United States
It has been relatively easy to trade, transport, save, and invest
Borrowing
The price of oil
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