The Government Institution That Has Responsibility for the Amount of Money

question 103

Multiple Choice

The government institution that has responsibility for the amount of money and credit supplied in the economy as a whole is the

• A) central bank.
• B) commercial bank.
• C) bank of settlement.
• D) Treasury Department.

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Definitions:

Flood Basalts

Large volcanic eruptions that cover large areas with basalt lava, often contributing to significant geological formations.

Life on Earth

Refers to the existence and diversity of living organisms on the planet Earth, including plants, animals, and microorganisms.

Mass Extinction

The disappearance of many species and families of creatures in a geologically short period of time.

Flood Basalts

Vast plateau-forming volcanic eruptions that release large volumes of basaltic lava.