The Use of Fei as Money on the Island of Yap

question 58

Multiple Choice

The use of fei as money on the island of Yap illustrates the idea of money as a social convention because:

• A) only fei physically in the possession of the owner is accepted in transactions.
• B) legal claim to a fei never seen by current generations was accepted in transactions.
• C) the central bank of Yap accepts fei in exchange for paper certificates.
• D) the government of Yap verifies the authenticity of fei used for transactions.

---

Definitions:

ASE T5

A certification exam conducted by the National Institute for Automotive Service Excellence, specifically focusing on the diagnosis, service, and repair of medium/heavy duty suspension and steering systems.

Vehicle Retarder

Auxiliary braking device used to supplement the service brakes; in most cases these convert chassis kinetic energy into hydraulic or electrical energy and are located in the driveline. Distinct from engine or transmission retarders.

Kingpin Lock

A security device that locks the kingpin of a semi-trailer to prevent unauthorized coupling or theft of the trailer.

Drive Axle

The axle specifically responsible for transmitting power from the transmission to the wheels, propelling the vehicle forward or backward.