Multiple Choice
The evolution of the payments system from barter to precious metals,then to fiat money,then to checks can best be understood as a consequence of the fact that
A) paper is more costly to produce than precious metals.
B) precious metals were not generally acceptable.
C) precious metals were difficult to carry and transport.
D) paper money is less accepted than checks.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: As a store of value,money<br>A)does not earn
Q59: Which of the following is included in
Q60: Defining money becomes _ difficult as the
Q61: In a barter economy the number of
Q62: Even economists have no single,precise definition of
Q64: When we say that money is a
Q65: _ are the time and resources spent
Q66: When compared to exchange systems that rely
Q67: Since it does not have to be
Q68: Ranking assets from most liquid to least