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Banking System Question And Answer

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Economics
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Homework
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FILM: QUESTION AND ANSWER
The film starts with a quotation from a banker: “Permit me to issue and control the money
of a nation, and I care not who makes it laws.” In light of what you learned watching this
film, is this comment worth taking seriously? Why or why not?
The comment is worth taking seriously by the fact that the permission that is permitted to
issue and control the money is the person-in-charge of the nation. I think there is a need to take
care of the person who is allowed to control the money of a nation for such a person would have
control over who makes law. Law is made for the purposes of putting restrictions on the flow of
resources. This means the person given the power to control the money of the nation would
automatically get the power to influence the law.
Question: briefly, to what extent will the human desire for more (more money, more
prestige, more possessions, more power) continue to shape economic systems and
structures?
To a larger extent, the human desire for more us responsible for the economic systems
and structures. The human desire for more among persons in charge of the private sector and
government is responsible for the current economic system. For instance, banks today are
lending against the deposits they receive from depositors, and they want to make more profits.
The desire to make more profits leads them to increase interest rates, which increases the prices
of items, and the amount of money in the market. On the other end, when the government

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officials want more money from the public, they increase taxes on other humans leading to strain
in businesses, affecting the economic systems.
Money used to represent value (namely, a fixed weight of gold or silver). Now, according to
the film, money represents debt. To you, which system seems more rational? Why?
Indeed, the basic nature of money has in time changed from the time when money was
quantified by how much gold, silver or cash reserve they make; to a new season where money
represents debt. The first system is more rational on account that it accounts for value that could
be quantified. Besides, the first system accounted for the risks of inflation where the presence of
actual money means one can invest to make actual profits. The second system where the value of
money is seen through someone’s ability to access equity isn’t rational, for changes in market
conditions or inflation can have a significant impact on the ability of one to access debt.
The film claims this system is “ridiculous.” Question: Please make a brief statement in
support of and in contradiction of this claim.
This system is ridiculous because the banks get to manipulate the borrowers as well as
depositors to make interest. The system is ridiculous for the depositors to bank the money to
make gains through interests, while the bank issues out the money to borrowers to make a higher
interest from the additional money they’ll raise through loan repayment. It is ridiculous how the
bank is looking for money to pay for the interest of the depositors and at the same time, making
money in the form of profits by taking interests from the borrowers whom it issues with loan. On
the other end, the system is not ridiculous if the banks, depositors, and borrowers have shared
interests to make money from the exchanges they make from each other (Money as Debt 1). The
bank exchanges safety and security services for interests to borrowers, the borrower's exchange

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Surname 1 Name Course Tutor Date FILM: QUESTION AND ANSWER The film starts with a quotation from a banker: “Permit me to issue and control the money of a nation, and I care not who makes it laws.” In light of what you learned watching this film, is this comment worth taking seriously? Why or why not? The comment is worth taking seriously by the fact that the permission that is permitted to issue and control the money is the person-in-charge of the nation. I think there is a need to take care of the person who is allowed to control the money of a nation for such a person would have control over who makes law. Law is made for the purposes of putting restrictions on the flow of resources. This means the person given the power to control the money of the nation would automatically get the power to influence the law. Question: briefly, to what extent will the human desire for more (more money, more prestige, more possessions, more power) continue to shape economic systems and structures? To a larger extent, the human desire for more us responsible for the economic systems and structures. The human desire for more among persons in charge of the private sector and government is respon ...
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