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Questions and Answers
What is money primarily used for?
What are the four main functions of money?
According to Louis Kelso, what is money ultimately used for?
Money is primarily used as a yardstick for measuring
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The main purpose of creating money using commercial banks and a central banking system is to
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Under a central banking system as originally designed, businesses would obtain loans from
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The money creation powers of the central bank can be used to
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What would every citizen have an equal right and access to?
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How would the financial system extend credit to every citizen?
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What is the role of the Federal Reserve in this program?
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What would be the impact of this program on the wealth and income gap?
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Study Notes
Functions of Money
- Money is primarily used as a yardstick for measuring
- The four main functions of money are:
Money Creation and Central Banking
- The main purpose of creating money using commercial banks and a central banking system is to
- Under a central banking system, businesses would obtain loans from
- The money creation powers of the central bank can be used to
Louis Kelso's View on Money
- According to Louis Kelso, money is ultimately used for
Universal Access to Credit
- Every citizen would have an equal right and access to
- The financial system would extend credit to every citizen through
- The role of the Federal Reserve in this program is to
Impact on Wealth and Income Gap
- The implementation of this program would have a significant impact on the wealth and income gap
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Description
Test your knowledge about the concept of money and its creation process. Learn about the various forms of money and its role in measuring and exchanging value in the marketplace.