Examlex
A ________ is a two-party instrument in which one person makes an unconditional promise in writing to pay another person,a person specified by that person,or the bearer of the instrument,a fixed amount of money,with or without interest,either on demand or at a specified,future time.
Medium of Exchange
A mediating tool or mechanism designed to support the buying, selling, or exchanging of goods and services among participants.
Easily Divisible
Characteristic of a good or asset that can be divided into smaller parts without losing its value proportionately.
Backed by Gold
A financial system or currency that has its value directly linked to gold reserves, ensuring its stability and security.
Federal Open Market Committee
The branch of the Federal Reserve System responsible for overseeing the nation's open market operations and managing the money supply and interest rates.
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