The Initial Development of Paper Money Began When People Used

question 112

Multiple Choice

The initial development of paper money began when people used ____ as payment for goods and services.

• A)credit cards 
• B)commodity money 
• C)goldsmith receipts 
• D)gold bullion 
• E)gold coins

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Definitions:

Beliefs and Assumptions

Fundamental convictions or premises that individuals hold to be true, guiding their behavior and interpretation of events.

Informal Elements

Non-official, unofficial parts of a structure or system which may influence or affect its function.

Hawthorne Studies

Studies conducted during the 1920s and 1930s that suggested the importance of the informal organization.

Informal Elements

Aspects of an organization or group that are not officially structured or codified, but arise from social interactions, cultural norms, and personal relationships.