Most Modern Banking Systems Are Based on

question 25

Multiple Choice

Most modern banking systems are based on

• A) money of intrinsic value.
• B) commodity money.
• C) 100 percent reserves.
• D) fractional reserves.

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Definitions:

Émile Durkheim

A French sociologist, significant for his contributions to the establishment of sociology as a recognized academic discipline and for his theories on social cohesion and anomie.

Gustave Le Bon

A French social psychologist best known for his work on crowd psychology, arguing that crowds transform individual psychology, leading to uncharacteristic behaviors.

Modern Life

Describes contemporary human existence, characterized by advanced technology, urbanization, and complex social structures.

Guillaume Apollinaire

A French poet, playwright, and art critic who was a key figure in the early 20th-century avant-garde, known for his technical innovation and themes of love and modernity.