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Author Question: Animal skins, livestock, tobacco, teeth and rocks have historically served as a medium of exchange, ... (Read 28 times)

Zoey63294

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on: Jun 30, 2018
Animal skins, livestock, tobacco, teeth and rocks have historically served as a medium of exchange, unit of account, store of value and method of deferred payment.
 
  Indicate whether the statement is true or false

Question 2

By fixing the mint price of gold among commercial nations under the Gold Standard, the exchange rate risk falls significantly, thus encouraging trade.
 
  Indicate whether the statement is true or false


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DHRUVSHAH

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


Zoey63294

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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