The First Step in the Evolution of Money Was

question 197

Multiple Choice

The first step in the evolution of money was

• A)physical commodities
• B)barter
• C)pieces of paper representing claims on physical commodities
• D)pieces of paper with no intrinsic value
• E)electronic entries representing claims on pieces of paper of no intrinsic value

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, often achieved through offering superior value to customers.

Behavioral Sciences

Encompass a range of disciplines, including psychology, sociology, and anthropology, that explore the activities and interactions among human beings.

Political Science

the study of governments, public policies, and political processes, systems, and political behavior.