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According to a survey conducted in the early 2000s, how do adolescents spend most of their leisure time?
Checking Account
A bank account that allows for numerous withdrawals and deposits, often used by individuals for day-to-day financial transactions.
Credit Option
An agreement that gives the buyer the right, but not the obligation, to borrow funds or extend credit under specified conditions.
M3
M3 is a measure of the money supply that includes M2 (cash, checking deposits, and easily convertible near money) plus large time deposits, institutional money market funds, and larger liquid assets.
Reserve Ratio
A regulation set by central banks determining the minimum amount of reserves that must be held by a commercial bank, expressed as a percentage of the bank's total deposits.
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