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

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

Assessment

Interactive Video

Business

7th - 12th Grade

Hard

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The video tutorial explores the evolution of banking from gold-based systems to modern digital transactions. It explains how banks create money today, using a video game analogy to illustrate the concept. The tutorial addresses common misconceptions about the value of money, emphasizing that money, like any asset, has value due to its utility in trade and wealth storage. It highlights the importance of understanding money's creation and value in the modern economy.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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