Explain the significance of state bank and legal tender, Microeconomics

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Explain the significance of state bank and legal tender

Problem

Explain the significance of state bank, legal tender, national bank, national currency, gold certificate, silver certificate, central bank, bank run, bank holiday, fractional reserve system, legal reserves, reserve requirement, member bank reserve (MBR), and excess reserves.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain the significance of state bank and legal tender

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Microeconomics: Explain the significance of state bank and legal tender

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