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15 questions from this quiz
Cash easily & quickly w/o losing value
Physical currency & checking balances
Wholesale & retail transactions
Medium of Exchange
Store of Value
Transactions of varying sizes
To maintain its value
Via fractional-reserve banking
Purchasing long-term securities
Higher money multiplier
Money supply increases
Highly liquid
MV=PQMV = PQMV=PQ
Prices increase proportionally
Lower rates = more funds demanded
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