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Banking and Money (Khan Academy)

Paying Without Moving the Gold

You pay with a note by handing it over. You pay with a cheque by changing names in the bank’s book. The gold in the vault does not move either way.

15 min165 XP available9 challenges

Pick the best answer

Olivia and her classmate Tomás both have accounts at Breno’s Bank. She pays him €5 for a set of guitar picks with a tap in the bank’s app. What changes?

Answer to continue.