About 100 Years Ago, What Was the Newest Technology

question 39

Multiple Choice

About 100 years ago, what was the newest technology?

• A) the automobile
• B) the light bulb
• C) airplanes
• D) the telephone

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Definitions:

Currency

The system of money in general use in a particular country, vital for financial transactions and economic activities.

M1

A category of the money supply that includes all physical money like coins and currency, as well as demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits and money market mutual funds.

FDIC

The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and thrift institutions.