Which of the Point(s)below Is (Are)true of Money

question 20

Multiple Choice

Which of the point(s) below is (are) true of money?
1) Money eliminated the need for barter.
2) Money allowed for specialization of labour and expansion of trade.
3) Money facilitated the development of a market economy.
4) Trade did not take place before the introduction of money.

• A)only 1.
• B)only 1 and 2
• C)Only 1 and 4
• D)Only 1,2,and 3.
• E)All of the points are true.

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Definitions:

Recreation

Activities or experiences carried out for enjoyment, leisure, or relaxation in free time.

Leisure

Refers to free time not taken up by work, chores, or obligations, typically used for rest, recreation, or personal interests.

Commodification

The process of turning something into a commodity that can be bought, sold, or traded in the market.

Recreational Activities

Recreational activities are activities performed for enjoyment, amusement, or pleasure during one's leisure time.