Examlex
Based on Harter's and Erikson's ideas, a normal, well-adjusted 9-year-old should do all of the following EXCEPT:
Money
A medium of exchange that facilitates the transfer of goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.
Deposits
Money placed into a financial institution for safekeeping, which can earn interest over time.
Loans
Sums of money borrowed that are expected to be paid back with interest over a specified period.
100 Percent Reserve
A banking system where banks hold reserves equal to 100% of their deposit liabilities, meaning all deposits can be fully backed by liquid assets, reducing the risk of bank runs.
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