When You Are Willing to Go to Sleep Tonight with €100

question 51

True/False

When you are willing to go to sleep tonight with €100 in your wallet and you have complete confidence that you can spend it tomorrow and receive the same amount of goods as you would have received had you spent it today, money has demonstrated its function as a medium of exchange.

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Definitions:

Indian Caste System

A hierarchical and traditional division of society into hereditary classes that dictate the occupation, social status, and marital alliances of its members.

Estates

Social or economic classes, particularly those seen in pre-modern societies, or refers to a large area of land owned by an individual or family.

Michael Blakey

An American anthropologist, bioarchaeologist, and professor known for his work in the field of human skeletal biology and the study of historical impacts on African American populations.

Institution of Slavery

A social and economic system in which individuals are owned by others, deprived of personal freedom and forced to work.