economics: section 9.4
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8 Terms
1
New cards
M1
currency in circulation (most narrowly defined); all deposits for transaction accounts, coins, cash, and traveler’s checks
2
New cards
M2 & M3
AKA Near Monies (almost like money; can be converted to M1 because they are highly liquid)
3
New cards
near monies
fill in the blank
M2 & M3 are also called _____ ________
4
New cards
M2
savings accounts, money market accounts, and timed deposits less than 100k
5
New cards
debit card
money is immediately withdrawn from a person’s bank account
6
New cards
credit card
not a form of money
7
New cards
credit card
spending the company’s money and paying them back at a later date
8
New cards
750
550
fill in the blank
a credit score of ____ or higher is exceptional; _____ is poor (FICO)
Note 
Flashcards (36)