The Song System of Credit Was Based on Guarantees That

question 57

Multiple Choice

The Song system of credit was based on guarantees that paper money could be redeemed for coinage. This was called

• A) "flying money."
• B) mercantilism.
• C) "xinming."
• D) "paper tiger."
• E) "dollar dragon."

---

Definitions:

Limited Resources

The finite availability of resources that are used for the production of goods and services.

Wealthy Societies

Societies characterized by a high level of economic prosperity and the widespread availability of goods and services.

Poor Societies

Communities or populations characterized by a low standard of living, limited economic opportunities, and insufficient access to resources.

Unlimited Resources

A hypothetical scenario in which all resources are abundant and easily accessible, eliminating scarcity.