Endogenous Money Is Where the Money Supply Is Not Determined

question 19

Multiple Choice

Endogenous money is where the money supply is not determined by the monetary authority, but

• A) by the federal government.
• B) by the private sector.
• C) the consumer.
• D) responds to conditions in the economy.
• E) by total money demand in the economy.

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Definitions:

Existential Generalization

A logical operation that infers the existence of at least one individual meeting a specified condition from a statement concerning that individual.

Existential Instantiation

A rule of inference used in logic to deduce that there exists at least one instance of a particular property.

Symbolize

Means to represent or stand for something else, especially an idea, quality, or concept, using symbols, objects, or signs.

Buildings

Structures with a roof and walls, such as houses, schools, and office buildings, designed for shelter, work, or other purposes.