economics: section 9.3
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7 Terms
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legal tender
a type of money that has been accepted as payment in any nation
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bank notes
original form of money used in America; represented a certain amount of bullion
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bullion
fill in the blank
bank notes represented a certain amount of _________
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fractional reserve banking
allows a bank to hold less than 100% of its total deposits
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fractional reserve banking
the deposits are invested in the stock market, properties, loans, etc.
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fiat money
paper money that is backed by only the government promise; no gold or silver
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fiat money
the form of money used in America today
Note 
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