As the Payments System Evolves from Barter to a Monetary

question 73

Multiple Choice

As the payments system evolves from barter to a monetary system,

• A)commodity money is likely to precede the use of paper currency.
• B)transaction costs increase.
• C)the number of prices that need to be calculated increase rather dramatically.
• D)specialization decreases.

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Definitions:

Permissive-Indulgent

A parenting style characterized by high responsiveness but low demandingness, where parents are nurturing and accepting but provide few guidelines and rules.

Inductive Techniques

Methods based on observations used to arrive at general conclusions or theories.

Appropriate Behavior

Conduct that is considered socially acceptable and in line with established norms.

Permissive-Indulgent

A parenting style characterized by high responsiveness and low demands, where parents are loving and nurturing but provide few guidelines and rules.