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

question 35

Multiple Choice

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

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Definitions:

Establishment Clause

A provision in the First Amendment of the U.S. Constitution that prohibits the government from establishing an official religion or favoring one religion over another.

Secular Purpose

Refers to a non-religious or non-spiritual objective or function, often mentioned in the context of laws or policies to ensure neutrality.

Government Entanglement

A situation where the actions, policies, or laws of a government are deeply involved or intertwined with a private entity or religious organization, raising constitutional concerns.

Dormant Commerce Clause

The dormant commerce clause refers to the implicit restriction in the U.S. Constitution that prohibits states from enacting legislation that discriminates against or excessively burdens interstate commerce.