AFJM get to know the Monetary System!

Question 1

Which of the following social problems is not directly related to money creation

Accepted Answer

none of the above

Question 2

Which monetary reform author wrote "The End of Banking"

Accepted Answer

Jonathan McMillan

Question 3

What is the best way we can reform the Monetary system so that it is centered on people and the planet?

Accepted Answer

Monetary Reform! #JustMoney aka Soveriegn/ Democratized money!

Question 4

what is the greatest obstacle when presenting on Monetary reform?

Accepted Answer

all of the above

Question 5

WHO ?? advised Lincoln on creating public money, Greenbacks, rather than take loans from private banks?

Accepted Answer

HENRY CAREY

Question 6

Islamic banks operate on principle of shared risk and pay no interest on deposits

Accepted Answer

True

Question 7

the NEED act intended to end the current practice of fractional reserve lending,

Accepted Answer

True

Question 8

Can the U.S. government create money instead of borrowing it?

Accepted Answer

Yes. and it's even been done before ("Greeenbacks" of the Civil war)

Question 9

The value of our money (it’s purchasing power) can decrease as a result of private commercial banks creating loans.

Accepted Answer

True

Question 10

A loan of $1000 was created; the signer is expected to pay back $1000 + $500 interest.= $1500. How much $ was created?

Accepted Answer

$1000, so there is never enough money to pay off the $1500

Question 11

During the Mayday For Money events which movie did we watch

Accepted Answer

Outgrow the System

Question 12

How much of the money in our country originates from the U.S. Treasury and is spent directly into circulation?

Accepted Answer

3% as coins. 97% is created out of thin air by banks as debt

Question 13

What year was the NEED Act introduced into Congress?

Accepted Answer

2011

Question 14

Before the Civil War, there were ____ different kinds of money in the United States.

Accepted Answer

8000

Questions 14