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Mark is a participant in a sleep study at his university. The researchers observe that Mark enters REM sleep earlier in the night than most of their other participants, and he spends a greater than normal proportion of his sleep time in REM. They explain to Mark that
Token Money
Money whose face value exceeds its cost of production, typically involving coins and paper money not backed by a commodity.
Legal Tender
The coins or banknotes that must be accepted if offered in payment of a debt.
Debit Cards
Plastic cards issued by banks that allow cardholders to transfer money electronically from their bank account when making a purchase.
Grace Period
A set period of time after the due date during which payment can be made without penalty.
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