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Questions and Answers
What is money?
What is money?
- A commodity to be bought and sold
- A symbol of power
- A tool for controlling societies
- An artifact of civilization invented to facilitate economic transactions (correct)
What is the proper creation of money supposed to achieve, according to the text?
What is the proper creation of money supposed to achieve, according to the text?
- Achieve universal economic empowerment and prosperity (correct)
- Provide unequal opportunity and access to every person
- Suppress the freedom and human potential of the many
- Concentrate power and property in the hands of a few or the state
According to lawyer-economist Louis Kelso, what is money?
According to lawyer-economist Louis Kelso, what is money?
- A commodity to be bought and sold
- A tool for controlling societies
- A social construct with no inherent value
- A system of symbols representing the value of existing and future goods and services (correct)
