IN EXPLAINING THE EVOLUTION OF MONEY (A) GOVERNMENT REGULATION IS...

102) - TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ
TEST BANK CHAPTER 3 WHAT IS MONEY? TÀI CHÍNH TIỀN TỆ

102) In explaining the evolution of money

(a) government regulation is the most important factor.

(b) commodity money, because it is valued more highly, tends to drive out paper money.

(c) new forms of money evolve to lower transaction costs.

(d) all of the above are true.

Answer: C

Question Status: Revised