What Caused the Decline of Barter as a Means of Obtaining

question 22

Multiple Choice

What caused the decline of barter as a means of obtaining something needed by a consumer?

• A) Development of the central bank system
• B) The discovery of gold
• C) The invention of the credit card
• D) The use of bonds
• E) The introduction of money

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Definitions:

Poor Validity

Refers to the degree to which an assessment or measurement tool fails to accurately reflect the concept it is intended to measure.

Flynn Effect

The observation that IQ scores have historically increased from one generation to another, worldwide.

Theory of Intelligence

Conceptual frameworks designed to understand the various aspects and abilities attributed to intelligence.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, used to indicate how spread out the numbers are.