Which of the Following Statements Describes the Role of Money

Multiple Choice

Which of the following statements describes the role of money and economic exchange in eighteenth-century rural New England?

A) Generally,no money was exchanged between relatives and neighbors,but accounts of debts were maintained and settled every few years by cash transfers.
B) As New England's exports increased,even isolated farming communities became accustomed to monetary transactions.
C) Because they owed increasingly heavy taxes to the British,who demanded payment in coin,farmers were forced to switch from a barter economy to a cash economy.
D) Land banks printed and distributed paper currency for farmers to use as cash in return for a percentage of a farm's yearly output.