Author Question: The first step in the evolution of money involved the use of _____. a. physical commodities b. ... (Read 39 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
The first step in the evolution of money involved the use of _____.
 a. physical commodities
 b. barter
 c. pieces of paper representing claims on physical commodities
 d. pieces of paper with no intrinsic value
 e. electronic entries representing claims on pieces of paper with no intrinsic value

Question 2

An increase in the interest rate will increase the demand for loanable funds.
 a. True
  b. False
  Indicate whether the statement is true or false



softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

b

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library