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Before Every Event at Her School's Track and Field Day

question 103

Multiple Choice

Before every event at her school's track and field day, Julie envisions herself at the finish line with a 1st place ribbon.This is an example of:


Definitions:

Fractional Reserve

A banking system in which banks hold a fraction of the deposits as reserves, lending the rest to generate profit.

Reserves

Assets kept on hand by a bank or financial institution to meet emergency needs or regulatory requirements.

Transactions Demand

The demand for money for the purpose of carrying out transactions or day-to-day expenditures.

Medium Of Exchange

An intermediary instrument, such as currency or digital tokens, used to facilitate the sale, purchase, or trade of goods and services between parties.

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