Which of the Point(s)below Is (Are)true of Money

question 20

Multiple Choice

Which of the point(s) below is (are) true of money?
1) Money eliminated the need for barter.
2) Money allowed for specialization of labour and expansion of trade.
3) Money facilitated the development of a market economy.
4) Trade did not take place before the introduction of money.

• A)only 1.
• B)only 1 and 2
• C)Only 1 and 4
• D)Only 1,2,and 3.
• E)All of the points are true.

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Definitions:

Labour Hours

The total hours worked by employees in the production of goods or delivery of services.

Cash Balance

The total amount of cash or cash equivalents a company or individual has available at any given time.

Disbursements

Payments made by a business, including expenses, cash distributions to shareholders, or investments.

Financing

The act of supplying capital for company operations, acquisitions, or investment activities.