Through the Taking of Deposits and Making Loans Banks

question 94

Multiple Choice

Through the taking of deposits and making loans banks

• A)create more money that physically exists.
• B)destroy money that would physically exist if they were not part of the process.
• C)leave the system with exactly the same amount of money as physically exists.
• D)have no role in the money creation process.

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Definitions:

Individual's Freedom

The rights and liberties that allow an individual to act, speak, think, and pursue happiness without undue interference or restriction from others or the government.

Attack On Fort Sumter

The bombardment and surrender of Fort Sumter in Charleston Harbor on April 12, 1861, marking the beginning of the American Civil War.

1861

The year that marked the beginning of the American Civil War, following the secession of several southern states from the Union.

Lincoln

The 16th President of the United States, Abraham Lincoln, known for leading the country during the Civil War and abolishing slavery.