Question

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Another important need that money fulfills is that it’s a (unit of account // dollar denominated unit // accounting systems) meaning that its something everything else can be expressed in. This provides for efficient and easy understanding of (the true and full value of goods // the exchange value of goods // the objective value of goods) providing assurance and most importantly (insurance // information // dissurance // assurance)

According to the FEE article, "The Gold Standard Didn't..." In 1914, the United States was engaged in World War ( I // II // III) and could not subsidize its military expenditures by solely relying on the gold standard. President Woodrow Wilson took the United States economy off the gold standard and used the Federal Reserve to ( create prosperity // return to the gold standard // print more money // print less money ) so the United States government could supply its military arsenal during the war. The early 1920s saw the rise of the Federal Reserve as ( creator of mass prosperity // the central authority // a non-authority // as a well established governmental oversight) as it became the regulator of the ( value of gold // value of the economy // value of the USD // money in circulation) during the Pre-World War II era.

While ( bad // monetary // fiscal) consists of government actions in the economy like spending more or less money, ( banking // monetary // good // fiscal ) consists of policies like lowering the interest rate which is meant to ( incentivize economizing // induce borrowing // induce congressional action // reduce borrowing )

In essentially every country today new money originates at the ( ECB // Fed // Commercial bank // central bank ). In the USA this is called the ( Federal Reserve // ECB // central bank // Bank of the US ). This new money can be lent to commercial banks via ( ECB // Bond markets // Loans // open market operations ) where bonds are sold by commercial bank in exchange for the new currency. They can then multiply this money by ( loaning it via the fractional // reserve system // The fed, fractional reserve bank ) which means that banks need only have ( 10 / 20 / 90 / 15 ) % of ( The feds // governments // depositors // bankers )

Answer 1

Ans:

Another important need that money fulfills is that it’s a unit of account meaning that its something everything else can be expressed in. This provides for efficient and easy understanding of the exchange value of goods providing assurance and most importantly information

According to the FEE article, "The Gold Standard Didn't..." In 1914, the United States was engaged in World War I and could not subsidize its military expenditures by solely relying on the gold standard. President Woodrow Wilson took the United States economy off the gold standard and used the Federal Reserve to print more money so the United States government could supply its military arsenal during the war. The early 1920s saw the rise of the Federal Reserve as a well established governmental oversight) as it became the regulator of the money in circulation during the Pre-World War II era.

While fiscal consists of government actions in the economy like spending more or less money, monetary consists of policies like lowering the interest rate which is meant to induce borrowing

In essentially every country today new money originates at the central bank. In the USA this is called the Federal Reserve. This new money can be lent to commercial banks via open market operations where bonds are sold by commercial bank in exchange for the new currency. They can then multiply this money by ( loaning it via the fractional which means that banks need only have 15 % of depositors