The evolution of the payments system from barter to precious metals, then to fiat money, then to cheques 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 cheques

Question

Quizplus · Accepted Answer

Precious metals were difficult to carry and transport, which made it impractical for them to be used as a medium of exchange. This led to the development of paper money and cheques, which are lighter and easier to transport.

The Evolution of the Payments System from Barter to Precious