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2 cards from this section. Quick, good the night before a test.
What is modern money?
Think about the types of money used today.
Give one example of a digital transaction.
Consider how you pay for things without physical cash.
What is the primary function of modern money?
Think about how we use money in daily transactions.
True or False: Demand deposits are considered a form of currency.
Consider the forms of money you know.
Consider a region that undergoes sudden demonetization. Discuss the potential economic impacts on daily transactions and small businesses.
Think about both the short-term chaos and long-term adaptation.
Analyze why banks might prefer lending to larger businesses over small farmers, despite the social implications.
Consider risk versus reward in banking.
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