With the Invention of Banking, One Important Aspect of Money

question 204

Multiple Choice

With the invention of banking, one important aspect of money was that

• A)banks have some discretion over the money supply.
• B)banks have complete control over the money supply.
• C)governments lost all control over the money supply.
• D)individuals have no discretion over the money supply.

---

Definitions:

Illiteracy

The inability to read and write, affecting an individual's ability to participate fully in society and the economy.

Economic Growth

The growth in the real market value of the goods and services an economy generates over a period.

Life Expectancy

The average number of years an individual or a specific group of people is expected to live, based on statistical calculations.

Sub-Saharan African Countries

Nations located in the African region south of the Sahara Desert, characterized by diverse cultures, languages, and economic conditions.