Multiple Choice
Which of the following was the most important initial step in the evolution of paper currency?
A) the issuance of currency by governments
B) the acceptance of goldsmiths' receipts
C) the use of the Gold Standard
D) the acceptance of metallic coins
E) the acceptance of bank notes
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q66: As a measure of the Canadian money
Q67: Consider a new deposit of $100 000
Q68: Until recently, and for many years, the
Q69: The money supply in Canada is measured
Q70: In reality, the reserve ratio for Canadian
Q72: Which of the following examples constitutes a
Q73: a medium of exchange.<br>A)1 and 2<br>B)3 only<br>C)2
Q74: The functions of the Bank of Canada
Q75: For a country to be on a
Q76: When you are estimating your monthly income