Modern Monetary Theory - How it Could Answer All Of Our Economic Problems: Reserve Banking

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Business
•
7th - 12th Grade
•
Hard
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7 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
How did banking practices change from the time when gold was used as currency to the present day?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the concept of money being created out of thin air in modern banking.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are some of the limitations that banks face in money generation?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of the term 'Fiat' in relation to currency?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
In what ways can money be considered an asset?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the value of money in different contexts, such as being on a desert island versus in a city.
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
How does cash facilitate trade on various levels?
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