Which of the Following Was the Most Important Initial Step

question 71

Multiple Choice

Which of the following was the most important initial step in the evolution of paper currency?

• A)the issuance of currency by governments
• B)the acceptance of goldsmiths' receipts
• C)the use of the Gold Standard
• D)the acceptance of metallic coins
• E)the acceptance of bank notes

---

Definitions:

Manufacturer

A company or person that produces finished goods from raw materials in large quantities for sale.

Risk

The potential for losing something of value or the exposure to danger, harm, or loss, often evaluated in decision-making processes.

New And Improved

Phrasing often used in marketing to indicate that a product has been updated or enhanced.

Indefinitely

Describes an action or condition that does not have a clearly defined end time.