In Explaining the Evolution of Money

question 69

Multiple Choice

In explaining the evolution of money

• A)government regulation is the most important factor.
• B)commodity money,because it is valued more highly,tends to drive out paper money.
• C)new forms of money evolve to lower transaction costs.
• D)paper money is always backed by gold and therefore more desirable than checks.

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Definitions:

Carl Jung

Swiss psychiatrist and psychoanalyst who founded analytical psychology.

Perceivers

Individuals who observe and interpret stimuli from their environment, affecting their understanding and interactions with the world.

Flexible

The ability or quality of being adaptable and responsive to changing circumstances or demands without significant stress or disruption.

Impression Management

The process by which individuals try to control the impressions others have of them.