If Central Banks Could Not Create Money, Developing Countries

question 12

Multiple Choice

If central banks could not create money, developing countries:

• A)could still finance their expenditures by simply raising taxes.
• B)could still finance their expenditures by issuing bonds.
• C)would find it very difficult to finance their current expenditures.
• D)could not finance any of their expenditures.

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Definitions:

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water, generating oxygen as a byproduct.

Carbon Dioxide Fixation

The process of converting atmospheric carbon dioxide into a usable form of carbon by living organisms, crucial in photosynthesis.

RuBP

Ribulose biphosphate, a molecule that acts as the acceptor of carbon dioxide in the first step of the Calvin cycle during photosynthesis.

Carbons

Chemical elements with the symbol C and atomic number 6, essential to all known life, and the basis of organic chemistry.