Money and its Creation

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Money is primarily used as a yardstick for measuring what?

Economic input and output (correct)

Visible sector of the economy

Physical production

Invisible sector of the economy

Under the proposed program, who would have equal access to the financial system?

Every citizen (correct)

Only children

Only women

Only men

What is the purpose of creating money using commercial banks and a central banking system?

To benefit a select few individuals

To create a secret system of money

To cause inflation

To ensure there is never too little money (correct)

What would be the source of funds for the equal allotment of credit to citizens?

Future profits generated by new shares Signup and view all the answers

Under the original design of a central banking system, how would businesses obtain loans?

From their local commercial bank Signup and view all the answers

What is the proposed system of political economy called by the Center for Economic and Social Justice?

The Just Third Way Signup and view all the answers

How would the Federal Reserve create an 'elastic' asset-backed currency?

By linking currency to productive assets Signup and view all the answers

What would happen to the money created for a loan after it is repaid?

It would be cancelled by the Federal Reserve Signup and view all the answers

Which of the following best describes money?

Something that can be used to measure and represent the value of goods and services Signup and view all the answers

What are the four main characteristics of money according to most economists?

A medium of exchange, a store of value, a standard of value, and a common measure of value Signup and view all the answers

According to lawyer-economist Louis Kelso, what is money ultimately?

A social tool for measuring values used for the exchange of property rights Signup and view all the answers

Money and its Creation

Podcast Beta

Questions and Answers

Money is primarily used as a yardstick for measuring what?

Under the proposed program, who would have equal access to the financial system?

What is the purpose of creating money using commercial banks and a central banking system?

What would be the source of funds for the equal allotment of credit to citizens?

Under the original design of a central banking system, how would businesses obtain loans?

What is the proposed system of political economy called by the Center for Economic and Social Justice?

How would the Federal Reserve create an 'elastic' asset-backed currency?

What would happen to the money created for a loan after it is repaid?

Which of the following best describes money?

What are the four main characteristics of money according to most economists?

According to lawyer-economist Louis Kelso, what is money ultimately?

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Money and its Creation

Podcast Beta

Questions and Answers

Money is primarily used as a yardstick for measuring what?

Under the proposed program, who would have equal access to the financial system?

What is the purpose of creating money using commercial banks and a central banking system?

What would be the source of funds for the equal allotment of credit to citizens?

Under the original design of a central banking system, how would businesses obtain loans?

What is the proposed system of political economy called by the Center for Economic and Social Justice?

How would the Federal Reserve create an 'elastic' asset-backed currency?

What would happen to the money created for a loan after it is repaid?

Which of the following best describes money?

What are the four main characteristics of money according to most economists?

According to lawyer-economist Louis Kelso, what is money ultimately?

More Quizzes Like This

Philippine Money Quiz: Test Your Knowledge of Banking and Supply

Keynesian Theory in Money &amp; Banking: Lecture Three

5.03 Money and Banking Quiz

Economics Basics: Bartering, Money, and Budgeting

Keynesian Theory in Money & Banking: Lecture Three