Stuff Flashcards

1
Q

What were some ancient monetary units

A

-cows

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2
Q

Where does the word dollar come from

A

Joachimsthaler, coin Thaler

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3
Q

What is intrinsic value

A

Certain object own value

Purity weight

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4
Q

What is principal

A

Money invested or deposited

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5
Q

What is prime rate

A

-designated rate used to determine interest rates applied to business loans

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