Which of the following was the most important initial step in the evolution of paper currency?
A) the acceptance of bank notes
B) the acceptance of goldsmiths' receipts
C) the acceptance of metallic coins
D) the issuance of currency by governments
E) the use of the Gold Standard
Correct Answer:
Verified
Q3: Which of the following is consistent with
Q4: Which of the following is a common
Q5: Gresham's law predicts which of the following?
A)Good
Q6: Suppose you come into possession of two
Q7: Other things being equal,a rise in the
Q9: When you are estimating your monthly income
Q10: When metal coins,such as gold and silver,were
Q11: The major problem of a currency that
Q12: In order to be considered "money," paper
Q13: The use of money in an economy
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