Currency Substitution Means

question 2

Multiple Choice

Currency substitution means

• A)use of money instead of barter.
• B)use of countertrade instead of money.
• C)use of foreign exchange instead of domestic currency.
• D)all of the above.
• E)none of the above.

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Definitions:

Confederation Congress

The governing body of the United States under the Articles of Confederation, operating from 1781 to 1789 before being replaced by the U.S. Congress under the Constitution.

Revenue

The income generated from normal business operations or other activities, vital for sustaining businesses and financing governments.

Declaration Of Independence

The formal statement written by Thomas Jefferson declaring the freedom of the thirteen American colonies from Great Britain, adopted by the Continental Congress on July 4, 1776.

Central Government

This term refers to the national or federal government of a country, responsible for overseeing the administration of all areas of the nation-state, including policy-making and implementation.