Examlex

Solved

Which of the Following Statements Is False

question 45

Multiple Choice

Which of the following statements is false?


Definitions:

Multipurpose Money

A concept in economics where money is used for various purposes beyond medium of exchange, including as a unit of account, a store of value, and a standard of deferred payment.

Merchant Capitalism

An economic phase in which merchants' wealth is accumulated through trade and the exploitation of international commerce, often preceding industrial capitalism.

Commercial Use

The exploitation of products, services, or activities with the primary goal of generating profit and economic growth.

Seafaring Trade

The exchange of goods and services across the seas and oceans, requiring navigational and maritime skills developed throughout human history.

Related Questions