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:

Kinetic Sculptures

Artworks with parts that move, either by air, motor, or human interaction, creating visual or sound experiences.

Alexander Calder

An American sculptor known for inventing the mobile, a type of moving sculpture made with delicately balanced or suspended shapes that respond to touch or air currents.

Engineering

The application of scientific and mathematical principles towards the design, construction, and maintenance of structures, machines, and systems to solve problems and achieve practical goals.

Cadeau

A French word meaning "gift," often used in the context of art to describe a piece given as a present or to denote a work’s conceptual underpinning as a gift to the viewer.