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valputin valputin
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8 years ago
In explaining the evolution of money
A) government regulation is the most important factor.
B) paper money is always backed by gold and therefore more desirable than checks.
C) new forms of money evolve to lower transaction costs.
D) commodity money, because it is valued more highly, tends to drive out paper money.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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#2
8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
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#3
8 years ago
@valputin,

Happy to help Slight Smile
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