Multiple Choice
Why does gold work better than bananas as a form of money?
A) A value can be imprinted in gold, but not bananas.
B) Gold doesn't disintegrate over time, but bananas do.
C) Gold is a natural element and bananas can be grown.
D) Everyone can value pure gold, but not a banana.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: Under fractional reserve banking,what occurs when a
Q47: What does fractional reserve banking take its
Q48: Money is the standard object used in
Q49: Are Canadian treasury bills held by individuals
Q50: When can the process of money creation
Q52: Financial institutions act as intermediaries between savers,who
Q53: If banks desired a 100 percent reserve
Q54: Which of the following is NOT a
Q55: If individuals will no longer take a
Q56: If a bank has a reserve ratio