The Process of Money Creation Can Be Reversed

question 184

Multiple Choice

The process of money creation can be reversed:

• A)​when a person pays a loan back to a bank.
• B)​when the government passes a law against it.
• C)​when customers begin to deposit money into banks.
• D)​when loans are extended to customers.

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Definitions:

Harmed

Suffered damage or injury, either physically, financially, emotionally, or legally.

Long Arm Statutes

These are laws that give a state the authority to exercise jurisdiction over individuals or businesses that do not reside in the state but have conducted activities within the state that caused harm.

Minimum Contacts

A legal standard determining whether a court has jurisdiction over a defendant, based on the defendant's connections to the area where the court is located.

In Rem Jurisdiction

The power of a court over the property or status of an out-of-state defendant located within the court’s jurisdiction area.