Checks Are NOT Money Because They

question 582

Multiple Choice

Checks are NOT money because they

• A) are merely instructions to transfer money.
• B) are not backed by either gold or silver.
• C) have value in exchange but little intrinsic value.
• D) are issued by banks, not by the government.

---

Definitions:

Autonomous Interdependence

The concept where individuals are self-governing yet maintain a sense of mutual reliance and connection within their relationships or groups.

Fair-Weather Cooperation

An interaction wherein individuals cooperate with others only when it is to their immediate benefit or when conditions are favorable.

Intimate Friendships

Deep and close relationships characterized by a high level of trust, emotional support, and understanding, often developing over time.

Middle Childhood

A developmental stage that ranges approximately from 6 to 12 years of age, characterized by increased physical, cognitive, and social abilities.