Money Is Destroyed When

question 112

Multiple Choice

Money is destroyed when

• A) loans are made.
• B) checks written on one bank are deposited in another bank.
• C) loans are repaid.
• D) the net worth of the banking system declines.

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Definitions:

Executed

Completed or carried out fully; in legal terms, often refers to fully signed contracts or executed legal documents.

Property Disposal

The act of getting rid of property, whether by sale, destruction, donation, or other means, especially in the context of public or corporate assets.

Making A Will

The legal process through which an individual specifies how their assets should be distributed after death.

Testator

A person who has made a will, especially one that is legally valid.