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The Role of Money in the Economy

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Questions and Answers

Which of the following best describes the role of money in the economy?

A method of accumulating claims against others

A measure of economic input and output (correct)

A medium of exchange for goods and services

A means of measuring obligations, rights, powers, and privileges

According to the text, what would be enshrined in law as a fundamental right of citizenship?

The right to receive tax deductible dividends

The right to purchase shares

Access to credit for acquiring productive capital (correct)

The right to vote

According to the text, what would citizens receive from the earnings of the capital they accumulate over the years?

Tax deductible dividends

A decent and regular income (correct)

Ownership of income-producing property

Interest-free capital credit

According to the text, what is a major barrier to extending access to capital ownership among the poor and middle class?

Collateral requirements Signup and view all the answers

What is suggested as a substitute for traditional collateral requirements?

Commercial loan default insurance Signup and view all the answers

What would be the role of the Capital Credit Reinsurance Corporation (CCRC) according to the text?

To offer portfolio reinsurance Signup and view all the answers

The Role of Money in the Economy

Choose a study mode

Podcast

Questions and Answers

Which of the following best describes the role of money in the economy?

According to the text, what would be enshrined in law as a fundamental right of citizenship?

According to the text, what would citizens receive from the earnings of the capital they accumulate over the years?

According to the text, what is a major barrier to extending access to capital ownership among the poor and middle class?

What is suggested as a substitute for traditional collateral requirements?

What would be the role of the Capital Credit Reinsurance Corporation (CCRC) according to the text?

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