The first step in the evolution of money was
A) physical commodities
B) barter
C) pieces of paper representing claims on physical commodities
D) pieces of paper with no intrinsic value
E) electronic entries representing claims on pieces of paper of no intrinsic value
Correct Answer:
Verified
Q21: When silver and gold were used as
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Q188: Thrift institutions encountered serious difficulties in the
Q189: During the 1980s,
A)better bank management resulted in
Q190: A country that has experienced hyperinflation is
A)Brazil
B)Russia
C)Venezuela
D)Zimbabwe
E)All
Q192: Money market mutual funds
A)offer higher rates of
Q194: Barter may be the only alternative
A)only if
Q196: A bank holding company is
A)a conglomerate that
Q197: In the last three decades,the number of
Q198: While deposit insurance was designed to make
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