The Evolution of the Payments System from Barter to Precious

question 63

Multiple Choice

The evolution of the payments system from barter to precious metals,then to fiat money,then to checks can best be understood as a consequence of the fact that

• A)paper is more costly to produce than precious metals.
• B)precious metals were not generally acceptable.
• C)precious metals were difficult to carry and transport.
• D)paper money is less accepted than checks.

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