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What was one significant achievement of the Avignon popes (1309-1378) ?
Money Demand
The desired holding of financial assets in the form of cash or bank deposits, often influenced by interest rates and economic conditions.
Liquid Form
Refers to the physical state of a substance that is flowing and has no fixed shape but a definite volume.
Open-Market Purchases
The buying of government securities by a central bank from the market to increase the money supply and lower interest rates.
Money Supply
The total amount of monetary assets available in an economy at a specific time, encompassing cash, coins, and balances held in checking and savings accounts.
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