The core principles of money and banking are useful in understanding all six parts of the financial
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Question:
The core principles of money and banking are useful in understanding all six parts of the financial system.
a. Core Principle 1: Time has value.
b. Core Principle 2: Risk requires compensation.
c. Core Principle 3: Information is the basis for decisions.
d. Core Principle 4: Markets determine prices and allocate resources.
e. Core Principle 5: Stability improves welfare.
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