Examlex
Determine whether (f ∘ g) (x) = x and whether (g ∘ f) (x) = x.
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Commodity Money
A form of currency in which the value of the money is derived from the material from which it is made, such as gold or silver coins.
Fiat Money
Currency that a government has declared to be legal tender, despite it not having intrinsic value or being backed by physical reserves such as gold or silver.
T-Account
A graphical representation of a general ledger account that highlights the debit and credit sides.
Required Reserve Ratio
The fraction of deposits that regulators require a bank to hold in reserve and not lend out.
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