With the Invention of Banking,what Is One Important Aspect of Money

question 99

Multiple Choice

With the invention of banking,what is one important aspect of money with regards to the money supply?

• A)Banks have full control over the money supply.
• B)Banks have some discretion over the money supply.
• C)Individuals have no discretion over the money supply.
• D)Government lose all control over the money supply.

---

Definitions:

Simulation

A method for implementing a model over time to study the behavior of a system or to analyze the implications of a complex process or strategy.

System-1 Thinking

Reactive thinking that relies heavily on situational cues, salient memories, and heuristic thinking to arrive quickly and confidently at judgments.

Analytical

Means that a person is habitually alert to potential problems and vigilant in anticipating consequences and trying to foresee short-term and long-term outcomes of events, decisions, and actions. “Foresightful” is another word for what “analytical” means here.

Deliberative

Involving careful consideration or discussion before making a decision.