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Sophia Macroeconmics Unit 3 Milestone
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14
October 2023
2023/2024
A+
Which of the following is the reason the United States had been opposed to the idea of
central banks in the past?
It was easier to make money trading currency using the old banking methods.
The value of currency was uncertain.
The risk of runs and panics was still too high.
The British central bank had exerted control over the colonies.
CONCEPT
History of the Central Bank
2
If the MPC is 0.5 and the government increases spending by $250 billion, which of the
followi...
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