Podcast
Questions and Answers
What is money primarily used for?
What is money primarily used for?
- To suppress the independence and human potential of the many
- To consume and satisfy debts
- To measure and represent the value of something (correct)
- To achieve economic liberation and universal prosperity
What are the four main functions of money?
What are the four main functions of money?
- A medium of exchange, a store of debt, a standard of credit, and a common measure of wealth
- A medium of exchange, a store of value, a standard of value, and a common measure of value (correct)
- A medium of transaction, a store of debt, a standard of credit, and a common measure of wealth
- A medium of transaction, a store of property, a standard of ownership, and a common measure of equity
According to Louis Kelso, what is money ultimately used for?
According to Louis Kelso, what is money ultimately used for?
- To suppress the independence and human potential of the many
- To achieve economic liberation and universal prosperity
- To measure values used for the exchange of property rights (correct)
- To consume and satisfy debts
Money is primarily used as a yardstick for measuring
Money is primarily used as a yardstick for measuring
The main purpose of creating money using commercial banks and a central banking system is to
The main purpose of creating money using commercial banks and a central banking system is to
Under a central banking system as originally designed, businesses would obtain loans from
Under a central banking system as originally designed, businesses would obtain loans from
The money creation powers of the central bank can be used to
The money creation powers of the central bank can be used to
What would every citizen have an equal right and access to?
What would every citizen have an equal right and access to?
How would the financial system extend credit to every citizen?
How would the financial system extend credit to every citizen?
What is the role of the Federal Reserve in this program?
What is the role of the Federal Reserve in this program?
What would be the impact of this program on the wealth and income gap?
What would be the impact of this program on the wealth and income gap?
Flashcards are hidden until you start studying
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
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
