Multiple Choice
Which of the following sequences accurately describes the evolution of the payments system?
A) Barter, coins made of precious metals, paper currency, cheques, electronic funds transfers
B) Barter, coins made of precious metals, cheques, paper currency, electronic funds transfers
C) Barter, cheques, paper currency, coins made of precious metals, electronic funds transfers
D) Barter, cheques, paper currency, electronic funds transfers
Correct Answer:
Verified
Correct Answer:
Verified
Q18: What factors have slowed down the movement
Q38: _ is the relative ease and speed
Q50: Paper currency that has been declared legal
Q65: _ are the time and resources spent
Q71: Money _ transaction costs,allowing people to specialize
Q93: The measures of money supply used by
Q96: Which of the following is not included
Q99: People hold money even during inflationary episodes
Q101: Explain the evolution of the payments system.
Q102: Compared to an electronic payments system, a