An efficient ______________ that is comprised of a central bank and a banking system that is able to create and transfer a stable medium of exchange called money.
A) allocation system
B) banking system
C) monetary system
D) market system

Question

Quizplus · Accepted Answer

A monetary system is designed to create and transfer a stable medium of exchange called money. It is comprised of a central bank and a banking system that efficiently manages the circulation of money in an economy. The allocation system refers to the methods used to distribute resources, the banking system is only one component of the monetary system, and the market system refers to the overall economic framework of prices and supply and demand.

An Efficient ______________ That Is Comprised of a Central Bank