Functions of the Monetary System Include All of the Following

question 84

Multiple Choice

Functions of the monetary system include all of the following except

• A)creating money
• B)transferring money
• C)accumulating savings
• D)Lending and investing savings
• E)all of the above are included as functions of a monetary system

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Definitions:

Felony

A serious criminal offense that is usually punishable by imprisonment for more than one year or by death.

Capital Offense

A crime that is punishable by death under the legal system.

Model Penal Code

A text designed to stimulate and assist state governments in updating and standardizing their penal laws.

Maximum Penalty

The highest punishment or fine that can be imposed for a particular offense under the law.