1. According to Donald Trump, how can the United States pay its debt? According to Donald Trump, the United States can pay its debt by A. the government printing more money B. the Fed increasing the quantity of electronic money C. the president flipping the switch on money-printing machines D. the Fed making a phone call to the Bureau of Engraving 2. What is money? Is money more than currency? Money is any commodity or token that is Money consists of A. a store of value; notes and coins B. generally acceptable as a means of payment, currency and deposits at banks and other depository institutions C. a unit of account; currency, deposits at banks and other depository institutions, and life insurance D. generally acceptable as a means of payment; currency, bank deposits, 401Ks, and life insurance 3. How is money created? Money is created when A. the Federal Reserve tells the Bureau of Engraving to produce more paper money B. the Federal Reserve makes an open market purchase and banks' excess reserves increase. Banks then lend out their excess reserves C. the Federal Reserve makes an open market