96) As the payments system evolves from barter to a monetary system, (a) commodity money is likely to precede the use of paper currency. (b) transactions costs decline. (c) the number of prices that need to be calculated decrease. (d) all of the above. (e) only (a) and (b) of the above. Answer: D Question Status: Previous Edition

AS THE PAYMENTS SYSTEM EVOLVES FROM BARTER TO A MONETARY SYSTEM, (...

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

96) As the payments system evolves from barter to a monetary system,

(a) commodity money is likely to precede the use of paper currency.

(b) transactions costs decline.

(d) all of the above.

(e) only (a) and (b) of the above.

Answer: D

Question Status: Previous Edition