Do Bankers Create Money

question 20

Multiple Choice

Do bankers create money?

• A)No, they cannot do this as private businesses.
• B)No, they are prevented by federal law.
• C)Yes, through multiple deposit creation.
• D)Yes, by opening checking accounts for customers.

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Definitions:

Federal Government

The national government of a federal country that holds the authority to govern the entire nation, as distinguished from state or provincial governments.

Incorporation

The process of legally declaring a corporate entity as separate from its owners, providing it with distinct legal rights and obligations.

Advantages

The favorable aspects or benefits that something provides, often compared to other options or situations.

Disadvantages

Negative aspects or conditions that reduce the effectiveness or desirability of something.