Do Bankers Create Money

question 18

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, they create money through multiple deposit creation.
• D)Yes, they create money by opening checking accounts for customers.

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Definitions:

Estate Planning

The process of arranging the management and disposal of a person's estate during their life and after death.

Inheritance Management

The process of handling and distributing the assets of a deceased person's estate according to legal guidelines or their will.

Commune

A community living situation where resources are shared and decisions are made collectively.

Uniform Simultaneous Death Act

A law designed to address the distribution of estate property when two people die at the same time or under circumstances making it hard to determine the order of death.