An Important Factor in the Evolution of Commodity Money to Fiat

question 93

Multiple Choice

An important factor in the evolution of commodity money to fiat money is:

• A) a desire to reduce transaction costs.
• B) a desire to increase transaction costs.
• C) the fact that gold is no longer highly valued.
• D) a desire to use gold for jewelry.

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Definitions:

Subliminal Message

Messages that are designed to pass below the normal limits of perception, intended to influence the subconscious mind without conscious awareness.

Effectiveness

Effectiveness refers to the degree to which a process, action, or intervention achieves its intended outcome or goals under normal or real-world conditions.

Representative Sampling

A method in statistics where a small subset of a population is chosen to accurately reflect the characteristics of the whole population.

Self-Report Bias

Refers to the bias that occurs when participants in research projects over or under-report behaviors or attitudes due to misremembering, misunderstanding, or wanting to present themselves in a favorable light.