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Private money differs from official money in that private money ________.
Severe Inflation
An extreme rate of inflation, characterized by a rapid and uncontrollable increase in prices, significantly eroding purchasing power.
Savings and Loan Associations
Banks and similar entities that focus on taking in savings from depositors and providing home loans along with other types of financing.
Mortgage Loans
Loans secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty.
Installment Loans
Loans that are repaid over time with a set number of scheduled payments, commonly used for items like cars and large appliances.
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