Ralph Linton Explained That Most Familiar Elements to Our Way

question 109

Multiple Choice

Ralph Linton explained that most familiar elements to our way of life:

• A) actually came to us from other cultures.
• B) are unique to our own society.
• C) were unknown even a few decades ago.
• D) were discovered completely by accident.

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Definitions:

Money Supply

The entire sum of monetary holdings accessible in an economy at a certain period.

Travelers Checks

Preprinted, fixed-amount checks designed to allow the person signing them to make payments or exchange for local currency, used mainly by travelers to protect against theft or loss.

M1 Balance

The most liquid components of the money supply, including physical currency, demand deposits, and other assets that can quickly be converted to cash.

Currency

A form of currency widely accepted in a specific nation or economic setting.