Answer Happy

Question 5 1 pts The case of those who wish to remove money creating powers from banks rests on which of the following arguments? Central banks don't create enough money. Private banks money-creation is done for private profit but the money supply is too important to be left to private motives. The banking system is prey to fraud. Private banks don't create enough money so we need to give more scope to Bitcoin and other private money M Question 6 1 pts The theory of the Money Multiplier Accepts that banks create new money but presumes it is limited by reserve ratios Suggests that banks create money as a multiple of foreign currency and gold holdings of the central bank Does not recognise that private banks create money Implies there is no limit on banks' money creation