When Colonists in Virginia Used Tobacco as Money,their Money

question 3

Multiple Choice

When colonists in Virginia used tobacco as money,their money

• A)was commodity money.
• B)had no intrinsic value.
• C)was fiat money.
• D)had no store of value.

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Definitions:

Average Score

The sum of all scores in a set divided by the number of scores, commonly used as a measure of central tendency.

Variability

The extent to which data points in a statistical distribution or dataset differ from each other and from the mean.

Testable Version

A formulation of a hypothesis or theory that is specific and operational, allowing it to be empirically tested.

Hypothesis

An initial explanation offered with limited proof to guide subsequent investigative efforts.