When Banking First Began, It Could Be Said That Paper

question 90

Multiple Choice

When banking first began, it could be said that paper money was in reality

• A)worthless.
• B)receipts.
• C)government money.
• D)fiat money.

---

Definitions:

Process Simulation

The use of computer software to model the operation of an entire process or system to study its behavior and performance under different conditions.

Probability Distributions

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can take.

Jockeying

The strategic maneuvering or positioning, often within a competitive environment, to gain advantage or to optimize one’s situation.

Queue

A linear data structure that follows a particular order in which operations are performed, specifically First In First Out (FIFO).