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March 29, 2017

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1. Why is representative money more useful than commodity money?

B. Representative money has value because the government says it does.

C. Representative money exists in unlimited supply, so more people use it.

D. Representative money is portable, durable, divisible, and acceptable.


2. A day trader tries to make a profit by

A. investing only in blue chip stocks.

B. speculating with borrowed money.

D. taking advantage of minute-by-minute changes in stock prices.

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