11 Questions
Money is primarily used as a yardstick for measuring what?
Economic input and output
Under the proposed program, who would have equal access to the financial system?
Every citizen
What is the purpose of creating money using commercial banks and a central banking system?
To ensure there is never too little money
What would be the source of funds for the equal allotment of credit to citizens?
Future profits generated by new shares
Under the original design of a central banking system, how would businesses obtain loans?
From their local commercial bank
What is the proposed system of political economy called by the Center for Economic and Social Justice?
The Just Third Way
How would the Federal Reserve create an 'elastic' asset-backed currency?
By linking currency to productive assets
What would happen to the money created for a loan after it is repaid?
It would be cancelled by the Federal Reserve
Which of the following best describes money?
Something that can be used to measure and represent the value of goods and services
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
According to lawyer-economist Louis Kelso, what is money ultimately?
A social tool for measuring values used for the exchange of property rights
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.
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