Which of the Following Sequences Accurately Describes the Evolution of the Payments

question 52

Multiple Choice

Which of the following sequences accurately describes the evolution of the payments system?

• A)barter,coins made of precious metals,paper currency,checks,electronic funds transfers
• B)barter,coins made of precious metals,checks,paper currency,electronic funds transfers
• C)barter,checks,paper currency,coins made of precious metals,electronic funds transfers
• D)barter,checks,paper currency,electronic funds transfers

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Definitions:

Intuitive Thought

A cognitive process that relies on immediate, instinctive judgements rather than rational analysis.

Concrete Reasoning

Thinking based on physical objects and specific, tangible experiences rather than abstract concepts.

Analytic Thought

A cognitive process that involves breaking down complex information or problems into smaller, more manageable parts for systematic analysis.

Deductive Reasoning

An analytic technique in which a verdict is influenced by the coalition of multiple premises typically considered correct.