An Important Factor in the Evolution of Commodity Money to Fiat

question 8

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
• D)valued. a desire to use gold for jewelry.

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Definitions:

Gonads

The reproductive organs in animals and humans that produce gametes (sperm in males, eggs in females); testes in males and ovaries in females.

Pituitary

A small, crucial gland located at the base of the brain responsible for regulating important functions by releasing hormones into the bloodstream.

Circadian Rhythms

Natural, internal processes that regulate the sleep-wake cycle and repeat roughly every 24 hours.

Adrenal Glands

Small glands located atop the kidneys that produce a variety of hormones, including adrenaline and cortisol, which are involved in stress response.