Statement I: When the Federal Reserve Bank Issues Currency,this Increases

question 8

Multiple Choice

Statement I: When the Federal Reserve Bank issues currency,this increases our money supply.
Statement II: Most of our currency is printed by the United States Treasury.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Etienne Cabet

A French philosopher and socialist who advocated for communal living and is known for his utopian novel "Voyage to Icaria."

Voyage to Icaria

A utopian work and a social experiment envisioned by Étienne Cabet, portraying an ideal society on a fictional island, reflecting communist ideologies.

Claude-Henri de Saint-Simon

Claude-Henri de Saint-Simon was a French social theorist and one of the founders of socialism, emphasizing the importance of industrial development and social organization.