With Regard to Creating Money

question 86

Multiple Choice

With regard to creating money,

• A)only central banks such as the Federal Reserve can create money.
• B)money is created when a bank customer invests in a time deposit.
• C)commercial banks can create money when a bank lends out funds borrowed from another customer who invested in a time deposit.
• D)none of the above

---

Definitions:

New Identities

The process of developing or adopting new aspects of oneself, often in response to changes in life circumstances or personal growth.

Health Care Proxy

A legal document that allows an individual to appoint someone else to make medical decisions on their behalf if they become unable to do so.

Sui Generis

A Latin term meaning "of its own kind" or "unique", often used to describe an entity that is in a class by itself.

Widowed People

Individuals who have lost their spouse to death and have not remarried.