Which of the following sequences accurately describes the evolution of the payments system?
A)barter,coins made of precious metals,paper currency,checks,electronic funds transfers
B)barter,coins made of precious metals,checks,paper currency,electronic funds transfers
C)barter,checks,paper currency,coins made of precious metals,electronic funds transfers
D)barter,checks,paper currency,electronic funds transfers

Question

Quizplus · Accepted Answer

The evolution of the payments system started with barter, then moved on to the use of coins made of precious metals, followed by paper currency, then checks, and finally electronic funds transfers. This sequence represents a historical timeline of the evolution of payment methods.

Which of the Following Sequences Accurately Describes the Evolution of the Payments