An Important Factor in the Evolution of Commodity Money to Fiat

question 93

Multiple Choice

An important factor in the evolution of commodity money to fiat money is:

• A) a desire to reduce transaction costs.
• B) a desire to increase transaction costs.
• C) the fact that gold is no longer highly valued.
• D) a desire to use gold for jewelry.

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Definitions:

Avoidant Personality Disorder

A mental health disorder characterized by a long-standing pattern of extreme shyness, feelings of inadequacy, and a sensitivity to rejection.

Social Phobia

A mental health condition characterized by intense fear or anxiety in social situations, leading to avoidance or distress.

Schizotypal Personality Disorder

A mental disorder marked by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.

Schizophrenia

A mental disorder characterized by abnormal behavior, strange speech, and a decreased ability to understand reality.