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:

Grinding Costs

The expenses incurred in the process of grinding materials, typically related to production or manufacturing.

Bone Meal

A powdery agricultural fertilizer made from ground animal bones, rich in phosphorous and calcium.

Sufficient Outside Customers

A requirement for some accounting methods where a service department or segment of a business must have enough sales to external customers to justify its existence or pricing strategy.

Container Product

A product designed to hold or contain other products, goods, or materials.